The paper analyzes the forces driving inflation in the new EU10 member countries. A significant part of headline inflation in these countries is due to common factors, such as price level convergence and EU integration. However, idiosyncratic factors have also played a role in the inflation process. These factors are related to the country-specific financial conditions, pass-through from foreign prices, and demand-supply situation in each country, although administered price adjustments and increases of indirect taxes associated with EU accession are also likely to have played a role.
|Keywords:||EU, mednarodne ekonomske integracije, članstvo, inflacija, ekonomski razvoj, ekonomska rast, cena, faktorske analize, modeli, EU, international economic integrations, membership, inflation, economic development, economic growth, price, factor analysis, models|
|Work type:||Not categorized (r6)|
|Organization:||EF - Faculty of Economics|
|Publisher:||International Monetary Fund|
|Number of pages:||16 str.|
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