메뉴 건너뛰기




Volumn 19, Issue 2 SPEC. ISS., 2005, Pages 281-303

Inflation dynamics and nominal adjustment in the Baltic States

Author keywords

Exchange rates; Inflation; Phillips curve

Indexed keywords


EID: 20444433607     PISSN: 02755319     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ribaf.2004.12.006     Document Type: Article
Times cited : (12)

References (50)
  • 1
    • 20444498608 scopus 로고    scopus 로고
    • Lithuania: History and future of the currency board arrangement
    • IMF Working Paper no. 02/127
    • Alonso-Gamo, P., Fabrizio, S., Kramarenko, V., Wang, Q., 2002. Lithuania: History and future of the currency board arrangement. IMF Working Paper no. 02/127.
    • (2002)
    • Alonso-Gamo, P.1    Fabrizio, S.2    Kramarenko, V.3    Wang, Q.4
  • 2
    • 84881844837 scopus 로고
    • Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations
    • M. Arellano S. Bond Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations Rev. Econ. Stud. 58 1991 277-297
    • (1991) Rev. Econ. Stud. , vol.58 , pp. 277-297
    • Arellano, M.1    Bond, S.2
  • 3
    • 0042719086 scopus 로고    scopus 로고
    • Inflation dynamics and dual inflation in accession countries: A new Keynesian perspective
    • ECB Working Paper No. 132
    • Arratibel, O., Rodriguez-Palenzuela, D., Thimann, C., 2002. Inflation dynamics and dual inflation in accession countries: A new Keynesian perspective. ECB Working Paper no. 132.
    • (2002)
    • Arratibel, O.1    Rodriguez-Palenzuela, D.2    Thimann, C.3
  • 5
    • 4644321619 scopus 로고    scopus 로고
    • Price dynamics in Central and Eastern European EU accession countries
    • Oesterreichische Nationalbank Working Paper no. 61
    • Backe, P., Fidrmuc, J., Reininger, T., Schardax, F., 2002. Price dynamics in Central and Eastern European EU accession countries. Oesterreichische Nationalbank Working Paper no. 61.
    • (2002)
    • Backe, P.1    Fidrmuc, J.2    Reininger, T.3    Schardax, F.4
  • 6
    • 0037596892 scopus 로고    scopus 로고
    • Measuring business cycles: Approximate band-pass filters for economic time series
    • M. Baxter R. King Measuring business cycles: Approximate band-pass filters for economic time series Rev. Econ. Stat. 81 4 1999 575-593
    • (1999) Rev. Econ. Stat. , vol.81 , Issue.4 , pp. 575-593
    • Baxter, M.1    King, R.2
  • 7
    • 1542264554 scopus 로고    scopus 로고
    • The Baltic Countries. From Economic Stabilization to EU Accession
    • IMF Occasional Paper No. 173
    • Berengaut, J., Lopez-Claros, A., Le Gall, F., Jones, D., Stern, R., Westin, A.-M., Psalida, E., Garibaldi, P., 1998. The Baltic Countries. From Economic Stabilization to EU Accession. IMF Occasional Paper no. 173 (http://ideas.repec.org/p/imf/imfocp/173.html).
    • (1998)
    • Berengaut, J.1    Lopez-Claros, A.2    Le Gall, F.3    Jones, D.4    Stern, R.5    Westin, A.-M.6    Psalida, E.7    Garibaldi, P.8
  • 8
    • 20444435073 scopus 로고    scopus 로고
    • Price Dynamics in Latvia. Experience and Future Prospects
    • Bank of Latvia
    • M. Bitans D. Slakota I. Tillers Price Dynamics in Latvia. Experience and Future Prospects 2001 Bank of Latvia
    • (2001)
    • Bitans, M.1    Slakota, D.2    Tillers, I.3
  • 9
    • 0038330586 scopus 로고    scopus 로고
    • Growth in transition: What we know, what we don't and what we should
    • N. Campos F. Coricelli Growth in transition: What we know, what we don't and what we should J. Econ. Lit. 40 2002 793-836
    • (2002) J. Econ. Lit. , vol.40 , pp. 793-836
    • Campos, N.1    Coricelli, F.2
  • 10
    • 0040364531 scopus 로고    scopus 로고
    • The science of monetary policy: A new Keynesian perspective
    • R. Clarida J. Gali M. Gertler The science of monetary policy: A new Keynesian perspective J. Econ. Lit. 37 4 1999 1661-1707
    • (1999) J. Econ. Lit. , vol.37 , Issue.4 , pp. 1661-1707
    • Clarida, R.1    Gali, J.2    Gertler, M.3
  • 11
    • 0343744079 scopus 로고    scopus 로고
    • Disinflation in Transition
    • IMF Occasional Paper No. 179
    • Cottarelli, C., Doyle, P., 1999. Disinflation in Transition. IMF Occasional Paper no. 179.
    • (1999)
    • Cottarelli, C.1    Doyle, P.2
  • 13
    • 0013170248 scopus 로고    scopus 로고
    • The Phillips curve is back? Using panel data to analyze the relationship between unemployment and inflation in an open economy
    • NBER Working Paper no. 7328
    • DiNardo, J., Moore, M., 1999. The Phillips curve is back? Using panel data to analyze the relationship between unemployment and inflation in an open economy. NBER Working Paper no. 7328.
    • (1999)
    • DiNardo, J.1    Moore, M.2
  • 14
    • 20444473128 scopus 로고    scopus 로고
    • The New Keynesian hybrid Phillips curve: An assessment of competing specifications for the United States
    • Bank of Canada Working Paper no. 2004-31
    • Dupuis, D., 2004. The New Keynesian hybrid Phillips curve: An assessment of competing specifications for the United States. Bank of Canada Working Paper no. 2004-31.
    • (2004)
    • Dupuis, D.1
  • 15
    • 14844295797 scopus 로고    scopus 로고
    • The paradox of the Baltic States: Labour market flexibility but protected workers?
    • Eamets, R., Masso, J., 2005. The paradox of the Baltic States: Labour market flexibility but protected workers? Eur. J. Ind. Relations 11 (1), 71-90.
    • (2005) Eur. J. Ind. Relations , vol.11 , Issue.1 , pp. 71-90
    • Eamets, R.1    Masso, J.2
  • 16
    • 1942452706 scopus 로고    scopus 로고
    • External macroeconomic shocks and Estonian economy: How did the Russian financial crises affect Estonian unemployment and foreign trade?
    • R. Eamets U. Varblane K. Sostra External macroeconomic shocks and Estonian economy: How did the Russian financial crises affect Estonian unemployment and foreign trade? Baltic J. Econ. 3 2 2003 5-24
    • (2003) Baltic J. Econ. , vol.3 , Issue.2 , pp. 5-24
    • Eamets, R.1    Varblane, U.2    Sostra, K.3
  • 17
    • 20444454229 scopus 로고    scopus 로고
    • EBRD, 1998 Transition Report, European Bank for Reconstruction and Development
    • EBRD, 1998, 2003. Transition Report, European Bank for Reconstruction and Development.
    • (2003)
  • 18
    • 0036069391 scopus 로고    scopus 로고
    • Investigating the Balassa-Samuelson hypothesis in the transition: Do we understand what we see? A panel study
    • B. Egert Investigating the Balassa-Samuelson hypothesis in the transition: Do we understand what we see? A panel study Econ. Transition 10 2 2002 273-309
    • (2002) Econ. Transition , vol.10 , Issue.2 , pp. 273-309
    • Egert, B.1
  • 19
    • 18144396496 scopus 로고    scopus 로고
    • Nominal and real convergence in Estonia: The Balassa-Samuelson (dis)connection. Tradable goods, regulated prices and other culprits
    • Bank of Estonia Working Paper no. 4
    • Egert, B., 2003. Nominal and real convergence in Estonia: The Balassa-Samuelson (dis)connection. Tradable goods, regulated prices and other culprits. Bank of Estonia Working Paper no. 4.
    • (2003)
    • Egert, B.1
  • 20
    • 0036600977 scopus 로고    scopus 로고
    • Defying the odds: Initial conditions, reforms and growth in the first decade of transition
    • E. Falcetti M. Raiser P. Sanfey Defying the odds: Initial conditions, reforms and growth in the first decade of transition J. Comp. Econ. 30 2 2002 229-250
    • (2002) J. Comp. Econ. , vol.30 , Issue.2 , pp. 229-250
    • Falcetti, E.1    Raiser, M.2    Sanfey, P.3
  • 21
    • 0038217727 scopus 로고    scopus 로고
    • Modern hyper- and high inflations
    • S. Fischer R. Sahay C. Vegh Modern hyper- and high inflations J. Econ. Lit. 40 3 2002 837-880
    • (2002) J. Econ. Lit. , vol.40 , Issue.3 , pp. 837-880
    • Fischer, S.1    Sahay, R.2    Vegh, C.3
  • 22
    • 21844503909 scopus 로고
    • The Phillips curve is alive and well
    • (March/April)
    • Fuhrer, J., 1995. The Phillips curve is alive and well. N. Engl. Econ. Rev. (March/April), 41-56 (http://ideas.repec.org/a/fip/fedbne/ y1995imarp41-56.html).
    • (1995) N. Engl. Econ. Rev. , pp. 41-56
    • Fuhrer, J.1
  • 23
    • 0031534450 scopus 로고    scopus 로고
    • The (un)importance of forward-looking behavior in price specifications
    • J. Fuhrer The (un)importance of forward-looking behavior in price specifications J. Money Credit Banking 29 3 1997 338-350
    • (1997) J. Money Credit Banking , vol.29 , Issue.3 , pp. 338-350
    • Fuhrer, J.1
  • 24
    • 20444439524 scopus 로고    scopus 로고
    • Modelling inflation in EU accession countries: The case of the Czech Republic, Hungary and Poland
    • Ezoneplus Working Paper no. 9 www.ezoneplus.org
    • Golinelli, R., Orsi, R., 2002. Modelling inflation in EU accession countries: The case of the Czech Republic, Hungary and Poland. Ezoneplus Working Paper no. 9, www.ezoneplus.org.
    • (2002)
    • Golinelli, R.1    Orsi, R.2
  • 25
    • 0010815795 scopus 로고    scopus 로고
    • How to reduce inflation: An independent central bank or a currency board? The experience of the Baltic countries
    • J. de Haan H. Berger E. van Fraassen How to reduce inflation: An independent central bank or a currency board? The experience of the Baltic countries Emerg. Markets Rev. 2 3 2001 218-243
    • (2001) Emerg. Markets Rev. , vol.2 , Issue.3 , pp. 218-243
    • de Haan, J.1    Berger, H.2    van Fraassen, E.3
  • 26
    • 0000260582 scopus 로고    scopus 로고
    • Testing for stationarity in heterogenous panel data
    • K. Hadri Testing for stationarity in heterogenous panel data Econ. J. 3 2000 148-161
    • (2000) Econ. J. , vol.3 , pp. 148-161
    • Hadri, K.1
  • 27
    • 20444490751 scopus 로고    scopus 로고
    • The Latvian labour market in transition: The Beveridge and Phillips curves as indicators of normalization
    • Working paper www.biceps.org/docs/normal.pdf
    • Hansen, M., Pancs, R., 2001. The Latvian labour market in transition: the Beveridge and Phillips curves as indicators of normalization. Working paper www.biceps.org/docs/normal.pdf.
    • (2001)
    • Hansen, M.1    Pancs, R.2
  • 28
    • 20444487340 scopus 로고    scopus 로고
    • Explaining the recent behavior of inflation and unemployment in the United States
    • IMF Working Paper no. 98/145
    • Hogan, V., 1998. Explaining the recent behavior of inflation and unemployment in the United States. IMF Working Paper no. 98/145.
    • (1998)
    • Hogan, V.1
  • 29
    • 20444500907 scopus 로고    scopus 로고
    • Exchange rate management and inflation targeting in the CEE accession countries
    • Ezoneplus Working Paper no. 8
    • Iacone, F., Orsi, R., 2002. Exchange rate management and inflation targeting in the CEE accession countries. Ezoneplus Working Paper no. 8.
    • (2002)
    • Iacone, F.1    Orsi, R.2
  • 30
    • 0013498103 scopus 로고    scopus 로고
    • Testing for unit roots in heterogenous panels
    • K. Im H. Pesaran Y. Shin Testing for unit roots in heterogenous panels J. Econ. 115 2003 53-74
    • (2003) J. Econ. , vol.115 , pp. 53-74
    • Im, K.1    Pesaran, H.2    Shin, Y.3
  • 31
    • 3242728187 scopus 로고    scopus 로고
    • Determinants of inflation in Poland: A structural cointegration approach
    • BOFIT Discussion Paper no. 16
    • Kim, B.-Y., 2001. Determinants of inflation in Poland: A structural cointegration approach. BOFIT Discussion Paper no. 16.
    • (2001)
    • Kim, B.-Y.1
  • 32
    • 0004691201 scopus 로고    scopus 로고
    • Exchange rates and monetary policy in Central Europe - A survey of some issues
    • E. Koch Exchange rates and monetary policy in Central Europe - a survey of some issues MOCT-MOST 7 1 1997 1-48
    • (1997) MOCT-MOST , vol.7 , Issue.1 , pp. 1-48
    • Koch, E.1
  • 33
    • 20444496047 scopus 로고    scopus 로고
    • Banking and finance in the Baltic countries
    • BOFIT Online no. 11, www.bof.fi/bofit
    • Koivu, T., 2002. Banking and finance in the Baltic countries. BOFIT Online no. 11, www.bof.fi/bofit.
    • (2002)
    • Koivu, T.1
  • 34
    • 0000391884 scopus 로고    scopus 로고
    • Unit root tests in panel data: Asymptotic and finite-sample properties
    • A. Levin C.-F. Lin Unit root tests in panel data: Asymptotic and finite-sample properties J. Econ. 18 2003 1-24
    • (2003) J. Econ. , vol.18 , pp. 1-24
    • Levin, A.1    Lin, C.-F.2
  • 35
    • 20444474955 scopus 로고    scopus 로고
    • Central bank autonomy and inflation and output performance in the Baltic States, Russia, and other countries of the former Soviet Union, 1995-97
    • IMF Working Paper no. 99/4
    • Lybek, T., 1999. Central bank autonomy and inflation and output performance in the Baltic States, Russia, and other countries of the former Soviet Union, 1995-97. IMF Working Paper no. 99/4.
    • (1999)
    • Lybek, T.1
  • 36
    • 0001187515 scopus 로고    scopus 로고
    • A comparative study of unit root tests with panel data and a new simple test
    • G.S. Maddala S. Wu A comparative study of unit root tests with panel data and a new simple test Oxford Bull. Econ. Stat. 61 S1 1999 631-652
    • (1999) Oxford Bull. Econ. Stat. , vol.61 , Issue.SUPPL. 1 , pp. 631-652
    • Maddala, G.S.1    Wu, S.2
  • 37
    • 0010272212 scopus 로고    scopus 로고
    • A Regional Economic Assessment
    • OECD Baltic States. February
    • OECD Baltic States. A Regional Economic Assessment OECD Econ. Surv. February 2000
    • (2000) OECD Econ. Surv.
  • 38
    • 20444475326 scopus 로고    scopus 로고
    • Labour market flexibility and migration in the Baltic States: Macro evidences
    • University of Tartu, Faculty of Economics and Business Administration Working Paper no. 2003-12-09
    • Paas, T., Eamets, R., Masso, J., Room, M., 2003. Labour market flexibility and migration in the Baltic States: Macro evidences. University of Tartu, Faculty of Economics and Business Administration Working Paper no. 2003-12-09.
    • (2003)
    • Paas, T.1    Eamets, R.2    Masso, J.3    Room, M.4
  • 39
    • 7244230222 scopus 로고    scopus 로고
    • Inflation dynamics in the euro area and the role of expectations
    • Bank of Finland Discussion Paper no. 20/2002
    • Paloviita, M., 2002. Inflation dynamics in the euro area and the role of expectations. Bank of Finland Discussion Paper no. 20/2002.
    • (2002)
    • Paloviita, M.1
  • 40
    • 0006096074 scopus 로고    scopus 로고
    • Moderate inflation in Poland: A real story
    • IMF Working Paper no. 96/57
    • Pujol, T., Griffiths, M., 1996. Moderate inflation in Poland: A real story. IMF Working Paper no. 96/57.
    • (1996)
    • Pujol, T.1    Griffiths, M.2
  • 42
    • 20444461591 scopus 로고    scopus 로고
    • Potential output estimates for Central and East European countries using production function method
    • Eesti Pank Working Paper no 2
    • Room, M., 2001. Potential output estimates for Central and East European countries using production function method. Eesti Pank Working Paper no 2.
    • (2001)
    • Room, M.1
  • 43
    • 0003230958 scopus 로고
    • The natural real exchange rate of the US dollar and determinants of capital flows
    • J. Williamson (Ed.) Institute of International Economics Washington
    • J. Stein The natural real exchange rate of the US dollar and determinants of capital flows In: J. Williamson (Ed.) Estimating Equilibrium Exchange Rates 1994 Institute of International Economics Washington
    • (1994) Estimating Equilibrium Exchange Rates
    • Stein, J.1
  • 44
    • 0942284404 scopus 로고    scopus 로고
    • Managing capital flows in Estonia and Latvia
    • BOFIT Discussion Paper no. 17/2001
    • Sutela, P., 2001. Managing capital flows in Estonia and Latvia. BOFIT Discussion Paper no. 17/2001.
    • (2001)
    • Sutela, P.1
  • 45
    • 0012813222 scopus 로고    scopus 로고
    • Testing for a common OECD Phillips curve
    • OECD Economics Department Working Papers no. 219
    • Turner, D., Seghezza, E., 1999. Testing for a common OECD Phillips curve. OECD Economics Department Working Papers no. 219.
    • (1999)
    • Turner, D.1    Seghezza, E.2
  • 46
    • 0031671703 scopus 로고    scopus 로고
    • Macroeconomic stabilization and central bank policy in Latvia
    • A. Vanags Macroeconomic stabilization and central bank policy in Latvia Commun. Econ. Econ. Transform. 4 2 1998 203-215
    • (1998) Commun. Econ. Econ. Transform. , vol.4 , Issue.2 , pp. 203-215
    • Vanags, A.1
  • 47
    • 20444434715 scopus 로고    scopus 로고
    • Econometric analysis of the Lithuania economy's dollarization
    • I. Vetlov Econometric analysis of the Lithuania economy's dollarization Monetary Stud. (Bank of Lithuania) 5 3 2001
    • (2001) Monetary Stud. (Bank of Lithuania) , vol.5 , Issue.3
    • Vetlov, I.1
  • 48
  • 50
    • 0003346038 scopus 로고
    • Estimates of FEERS
    • J. Williamson (Ed.) Institute of International Economics Washington
    • J. Williamson Estimates of FEERS In: J. Williamson (Ed.) Estimating Equilibrium Exchange Rates 1994 Institute of International Economics Washington
    • (1994) Estimating Equilibrium Exchange Rates
    • Williamson, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.