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Inflation persistence in Central and Eastern European countries. Bruegel Working Paper 2013/04, 22 July 2013

Darvas, Zsolt and Varga, Balázs (2013) Inflation persistence in Central and Eastern European countries. Bruegel Working Paper 2013/04, 22 July 2013. [Working Paper]

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    Abstract

    This paper studies inflation persistence with time-varying coefficient autoregressions for twelve central European countries,in comparison with the United States and the euro area. Inflation persistence tends to be higher in times of high inflation. Since the oil price shocks, inflation persistence has declined both in the US and euro-area. In most central and eastern European countries, for which our study covers 1993-2012, inflation persistence has also declined, with the main exceptions of the Czech Republic, Slovakia and Slovenia, where persistence seems to be rather stable.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > External relations > EU-US
    EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Working Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 23 Jul 2013 15:02
    Number of Pages: 24
    Last Modified: 23 Jul 2013 15:02
    URI: http://aei.pitt.edu/id/eprint/42913

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