This paper analyses the process of nominal and real convergence of the new Member States of the European Union. It also … discusses theoretical and methodological issues relating to this process. The importance of nominal and real convergence is …, which had a positive impact on the convergence process. Although this favourable development of real convergence (GDP per …

are clearly present and explain around 24% of inflation differentials vis-à-vis the euro area (about 1.2 percentage points … total domestic inflation (about 1.1 percentage points on average). The paper presents mixed evidence on whether the Balassa …

estimates of its impact on inflation, appreciation of the real exchange rate and rising competitiveness of the Romanian economy …. * Study within the CEEX Programme Project No. 220/2006 Economic Convergence and Role of Knowledge in Relation to the EU …

We develop a general equilibrium model of an emerging market economy where productivity growth differentials between … inflation and exchange rate within predetermined numerical targets. We also find that the Balassa-Samuelson effect raises by an …

We develop a general equilibrium model of an emerging market economy where productivity growth differentials between … inflation and exchange rate within predetermined numerical targets. We also find that the Balassa-Samuelson effect raises by an …