A COMPARATIVE ANALYSIS OF REAL AND PREDICTED INFLATION CONVERGENCE IN CEE COUNTRIES DURING THE ECONOMIC CRISIS
Journal Title: CES Working Papers - Year 2014, Vol 6, Issue 2
Abstract
The main objective of this study is to make a comparative analysis of inflation convergence in Central-Eastern European countries (CEE countries) during the economic crisis over 2008-2013. For Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia the inflation convergence has decreased in the analyzed period, the coefficient of variation (64.22%) showing strong divergence compared to the slow divergence indirectly predicted by the European Commission. The negative catch-up rates for Bulgaria, Poland and Slovakia explain the large negative consequences of the actual economic crisis for these countries. The Fisher-type test for panel data indicated no convergence for real and predicted inflation convergence. The analysis based on random effects models indicated an inflation convergence rate of 15.47% in CEE economies compared to a predicted convergence rate of 2.04%.
Authors and Affiliations
Mihaela Simionescu
Keywords
Related Articles
- EP ID EP110676
- DOI -
- Views 128
- Downloads 0
THE EUROPEAN COMMUNITY PRIORITY - THE SOCIAL POLICY
At the level of European Union, starting from the necessity of insurance economic growth, social community law gradually developed, benefitting by sinuous construction, extremely complex, being continuously transformed....
CITY BRAND PERSONALITY – AN INTERNATIONAL CONCEPT WITH REGIONAL APPLIANCE IN THE TOURISM DEVELOPMENT STRATEGY
The personality of a city is an important concept to be created and evaluated by local administrators as this should be part of the touristic strategic approach. The aim of this paper is to create a research instrument...
THE OMC IN THE EUROPEAN EMPLOYMENT POLICY: BRINGING SOCIALISATION IN
This paper argues in favour of a more thorough analysis of a specific set of dynamics taking place in the Open Method of Coordination (OMC), the latter being conceived as an informal organizational framework aimed at mut...
DEVELOPMENT OF POLITICAL PARTIES AND PARTY FUNDING: MODELS AND CHARACTERISTICS
The first modern political parties were formed at the end of the 18th century and have, from those times up to now, undergone 4 developing phases; each of the phases is bound to ideal-type political party model: cadre pa...
THE INFLUENCE OF INCOME AND EDUCATION LEVEL ON ISSUES OF RELIGION IN ROMANIA
In this research paper the main focus is on religion and how it is influenced by income and education level, how people from different social classes look at religion nowadays. It is a known fact that our income, our edu...