登入
選單
返回
Google圖書搜尋
Exchange Rate Policy and Inflation in Acceding Countries
Fabrizio Coricelli
Bostjan Jazbec
Igor Masten
其他書名
The Role of Pass-through
出版
WIlliam Davidson Institute
, 2004
URL
http://books.google.com.hk/books?id=DJrJNAAACAAJ&hl=&source=gbs_api
註釋
This paper analyzes the link between the choice of exchange rate regime and inflationary performance in four acceding countries to the EU: the Czech Republic, Hungary, Poland and Slovenia. The results allow a clear ranking of countries according to the size of the pass-through effect and the importance of exchange rate shocks to overall inflationary performance. In particular, perfect pass-through effect can be associated with accommodative exchange rate policy, which can moreover become the most important source of inflationary pressures. The analysis suggests that for CEEC-4 an early adoption of the Euro can provide the most efficient framework for reducing inflation.
