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Inflation Persistence : Euro Area and New EU Member States

Franta, Michal - 2009

Is inflation persistence in the new EU Member States (NMS) comparable to that in the euro area countries? We argue that … show that due to frequent breaks in inflation time series in the NMS, parametric statistical measures assuming a constant …-varying mean leads to the reversal of this result and suggests similar or lower inflation persistence for the NMS compared to euro …

Persistent link: https://www.econbiz.de/10012767014

Real Convergence in Central and Eastern European EU Member States : Which Role for Exchange Rate Volatility?

Arratibel, Olga - 2008

This paper analyzes the relation between exchange rate volatility and several macroeconomic variables, namely real per capita output growth, the credit cycle, the stock of inward foreign direct investment (FDI) and the current account balance, in the Central and Eastern European EU Member...

Persistent link: https://www.econbiz.de/10012770727

Trade with Central and Eastern Europe : Is it Really a Threat to Wages in the West?

Polgar, Eva Katalin - 2010

This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing industries) in 25 EU countries over the period from 1995 to 2005. By applying a cross-country and industry-specific approach, it is possible to control for unobserved heterogeneity at...

Persistent link: https://www.econbiz.de/10013138239

Exchange Rate Pass-through in Central and Eastern European Member States

Beirne, John - 2009

This paper provides estimates of the exchange rate pass-through (ERPT) to consumer prices for nine central and eastern European EU Member States. Using a five-variate cointegrated VAR (vector autoregression) for each country and impulse responses derived from the VECM (vector error correction...

Persistent link: https://www.econbiz.de/10013153690

GDP-Inflation Cyclical Similarities in the CEE Countries and the Euro Area

Macchiarelli, Corrado - 2013

GDP-inflation cycles by adopting a trend-cycle decomposition model which allows the trend to be either stochastic or …-in (GDP-to-inflation) and cross-country (CEECs vs. euro area) levels. Allowing for different degrees of cyclical similarity …, we find that a similar inflation vs. GDP cycle is not rejected only for Poland, Lithuania, Romania and Estonia (with …

Persistent link: https://www.econbiz.de/10013081633

FDI and Productivity Covergence in Central and Eastern Europe : An Industry-Level Investigation

Bijsterbosch, Martin - 2009

This paper presents empirical evidence of the effect of FDI inflows on productivity convergence in central and eastern Europe, using industry-level data. Four conclusions stand out. First, there is a strong convergence effect in productivity, both at the country and at the industry level....

Persistent link: https://www.econbiz.de/10012765711

Cross-Border Production Chains and Business Cycle Co-Movement between Central and Eastern European Countries and Euro Area Member States

Iossifov, Plamen K. - 2021

In this paper, we highlight the role of global value chains in the synchronization of economic activity between countries in Central and Eastern Europe (CEE) and the euro area. We start off by demonstrating that the degree of synchronization of the business cycles of CEE countries and their main...

Persistent link: https://www.econbiz.de/10013315647

The Maastricht Convergence Criteria and Optimal Monetary Policy for the EMU Accession Countries

Lipinska, Anna - 2021

criteria. We find that the optimal monetary policy should not only target inflation rates in the domestic sectors and aggregate … characterized by additional elements penalizing fluctuations of the CPI inflation rate, the nominal interest rate and the nominal … the CPI inflation rate and the nominal interest rate. The constrained optimal policy results in targeting the CPI …

Persistent link: https://www.econbiz.de/10013316539

Deeper, Wider and More Competitive? Monetary Integration, Eastern Enlargement and Competitiveness in the European Union

Ottaviano, Gianmarco I. P.; Taglioni, Daria; Di Mauro, … - 2021

What determines a country's ability to compete in international markets? What fosters the global competitiveness of its firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered domestic firms' competitiveness in local and global...

Persistent link: https://www.econbiz.de/10013316662

Trade Integration of Central and Eastern European Countries : Lessons from a Gravity Model

Bussière, Matthieu; Fidrmuc, Jarko; Schnatz, Bernd - 2021

This paper analyses the rapid trade integration of the Central and Eastern European countries (CEEC's) with the euro area in the past ten years and draws implications for further integration. We use as benchmark an enhanced gravity model estimated for a large sample of bilateral trade flows...

Persistent link: https://www.econbiz.de/10013318195