inflation rates mainly to make up for, and to perhaps exploit, lagging internal and external liberalization in their economies … changes in institutions, suggest that incentives may be diminishing, but not to the point where inflation levels below 5 … inflation, and enhancements to central bank independence could help shield these central banks from pressures. …

Why is inflation, 15 years after transition started, still considerably higher in Romania than in the eight EU member … decompose the inflation differential between Romania and the EU-8. The decomposition suggests that neither the revenue, nor the … balance of payments, nor the financial stability motive are driving inflation; rather structural differences are at play. The …

This study examines the impact of various monetary policy regimes on the ability to lower inflation and exchange rate … policy framework of flexible targeting of relative inflation risk premium that is believed to be credible and useful for … managing these two categories of risk. A model of inflation and exchange rate risk premiums within the context of inflation …

This paper examines inflation dynamics in the current EU-accession countries in central and eastern Europe, focusing … particularly on the determinants of "dual inflation", that is, diverging inflation rates for tradable and non-tradable goods. The …, indeed, finds evidence of "dual inflation" in these economies. To test empirically for underlying determinants, the paper …

consistent with the official monetary policy. Second, we seek to shed light on the inflation process of these countries. To this … end, we carry out an estimation of an open economy Philips curve (PC). Our main finding is that inflation rates were not … monetary arrangements for price stability. The analysis of the conditional inflation variance obtained from GARCH estimation of …

This paper analyses the persistence of inflation in post-communist Russia, with interest rate, exchange rate, and money … the context of Russia that the official interest rate has reacted more to exchange rate changes than reacting to inflation …, thereby keeping inflation as a persistent problem. This implies a need to have a "flexible targeting rule" for inflation so as …

experienced very high inflation or hyperinflation, which had originated in the perestroika period and following the dissolution of … the ruble area. After the introduction of new currencies and stabilization programs in the mid-1990s, inflation moderated …

experienced very high inflation or hyperinflation, which had originated in the perestroika period and following the dissolution of … the ruble area. After the introduction of new currencies and stabilization programs in the mid-1990s, inflation moderated …

This paper deals with a 'new' type of monetary policy making: Inflation Targeting (IT). It attempts to identify reasons … inflation targeting countries, the paper outlines the major operational arguments regarding the implementation of IT. Another …, Inflation Targeting might be an interesting policy framework to at least some countries in Central and Eastern Europe. …

This paper deals with a "new" type of monetary policy making: Inflation Targeting (IT). It attempts to identify reasons … inflation targeting countries, the paper outlines the major operational arguments regarding the implementation of IT. Another …, Inflation Targeting might be an interesting policy framework to at least some countries in Central and Eastern Europe. …