Franta, Michal (contributor); Saxa, Branislav (contributor); … - 2007
Is inflation persistence in the new EU Member States (NMS) comparable to that in the euro area countries? We argue that … mean deliver substantially higher persistence estimates for the NMS than for the euro area countries. Employing time …-varying mean leads to the reversal of this result and suggests similar or lower inflation persistence for the NMS compared to euro …