Commodity Price Volatility, Cyclical Fluctuations, and Convergence : What is Ahead for Inflation in Emerging Europe? »
Series: IMF Working Papers
Author(s): Edda Zoli
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2009
Keywords: Price Convergence, price inflation, price level, inflation response,
This paper assesses the role of international commodity prices, cyclical fluctuations, and convergence in driving inflation in 18 European emerging economies. Country specific VARs and panel estimates indicate that...