This study analyses Granger-causality between the return series of CPI and PPI (ie, inflation
measured by CPI and PPI) for Romania, by using monthly data covering the period of …

Does theory aid inflation forecasting? To address this question, we develop a novel
forecasting procedure based upon a New Keynesian Phillips Curve that incorporates time …

This paper seeks to shed light on the inflation dynamics of four new central European EU
members: the Czech Republic, Hungary, Poland, and Slovakia. To this end, the New …

Many countries have implemented inflation targeting in recent decades. At the same time,
the international conditions have been favorable, so it is hard to assess to what extent the …

Sažetak This paper analyzes the domestic and external inflation determinants for eight non-
eurozone new EU member states (NMS). The empirical literature has been rather silent on …

We study inflation dynamics in emerging, small open economies of Central and Eastern
Europe (CEE) and find new empirical evidence of the existence of the New Keynesian …

In the wake of the inflation-targeting strategy in Romania, we estimate the impact of
international oil prices upon the consumer price index (CPI) and core inflation. The inflation …

In this paper we estimate the hybrid New Keynesian Phillips curve for nine transition
economies and examine its ability to explain inflation dynamics. Special emphasis has been …

The objective of this paper is to assess whether the levels of unionization and the rigidity of
exchange rates represent a constraint for the monetary policy in South-Eastern Europe and …

This study investigates under which circumstances trade has impact on inflation dynamics
by examining the independent effects of trade intensity, intra‐industry trade and trade on …