Cuaresma, Jesús Crespo; Doppelhofer, Gernot; … - In: Focus on European Economic Integration (2009) 3, pp. 22-37
We evaluate the monetary determinants of inflation in the Czech Republic, Hungary, Poland and Slovakia by using the McCallum rule for money supply. The deviation of actual money growth from the rule is included in the estimation of Phillips curves for the four economies by Bayesian model...
