Convergence of Relative Prices and Inflation in Central and Eastern Europe

Convergence of Relative Prices and Inflation in Central and Eastern Europe
The paper assesses inflation risks resulting from the convergence of structures of relative prices in Central and Eastern European (CEE) countries toward the European Union (EU). The basic idea of the paper is that under low downward flexibility of domestic nominal prices, the adjustment of relative price structures is likely to lead to higher... READ MORE...

Publication date: September 2001
ISBN 9781451854725
$15.00

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