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CASE Network E-brief 03/2012: Seven lessons from post-communist transition

CASE Network Studies and Analyses No. 434: Background Report on Private Sector Development in Latin America, the Post-Communist Countries of Europe and Asia, the Middle East and North Africa

CASE Network E-brief 02/2012: Azerbaijan's Fiscal Policy after the Oil Boom

CASE Network Studies and Analyses No.433: Euro Zone Crisis and EU Governance: Tackling a Flawed Design and Inadequate Policy Arrangements

CASE Network Studies and Analyses No. 432: Manufactured Exports and FDI in the MED-11 Countries: Recent Evolution, Determinants and Prospects

CASE Network E-briefs 01/2012: Russia's Accession to the WTO: Impacts and Challenges

CASE Network E-briefs 10/2011: The Failed Political Economy of the Euro Crisis

CASE Network Studies and Analyses No. 431: Determinants of Obtaining Formal and Informal LTC across European Countries

CASE Network Studies and Analyses No. 430: Remittances and Children's Capabilities: New Evidence from Kyrgyzstan, 2005-2008

CASE Network e-Briefs 09/2011: The Impact of the Global Financial Crisis on Public Health Expenditures in the Economies of the Former Soviet Union

CASE Network Reports No.105: Information and Communications Technology in the Middle East: Situation as of 2010 and Prospective Scenarios for 2030

CASE Network Reports No. 103: Public Expenditures on Education and Health in Russian Federation before and during the Global Crisis

CASE Network Studies and Analyses No. 429: The International Crisis and Latin America: Growth Effects and Development Strategies

CASE Network Reports No. 100: The Impact of the Global Financial Crisis on Public Expenditures on Education and Health in the Economies of the Former Soviet Union

CASE Network Reports No. 104: Public Expenditures on Education and Health in Ukraine before and during the Global Crisis

CASE Network E-briefs 08/2011: How can Trade Help to Rebuild and Enhance the Economies of the Southern Mediterranean Countries?

CASE Network Reports No. 102: Public Expenditures on Education and Health in Belarus before and during the Global Crisis

CASE Network Reports No. 101: Public Expenditures on Education and Health in Georgia before and during the Global Crisis 

CASE Network Reports No. 99: The Impact of the Global Financial Crisis on Education and Healthcare in the Economies of the Former Soviet Union - the Case of Moldova

CASE Network Studies and Analyses No. 428: Knowledge based firms from Central and East European countries: A comparative overview of case studies

CASE Network Reports No. 98: Tourism in the MED 11 Countries

CASE Network Studies and Analyses No. 427: Entrepreneurship and Economic Growth: An Investigation into the Relationship between Entrepreneurship and Total Factor Productivity Growth in the EU

CASE Network Reports No. 97: Public Expenditures on Education and Health in the Kyrgyz Republic before and during the Global Crisis

CASE Network E-briefs 07/2011: Egypt: Political Transition vs. Economic Challenges?

CASE Network Studies and Analyses No. 426: On the European Union - Turkey Customs Union

CASE Network E-briefs 06/2011: Will IMF Intervention Help Belarus Solve Its Old Problems?

CASE Network Studies and Analyses No. 425: Pensions in Poland and Elsewhere: the View from Paris

CASE Network Reports No. 95: Assessing Development Strategies to Achieve the MDGs in Asia - Macroeconomic Strategies of MDG Achievement in the Kyrgyz Republic

CASE Network Reports No. 96: Shallow versus Deep Integration between Mediterranean Countries and the EU and within the Mediterranean Region

CASE Network E-briefs 05/2011: The Battle Over Private Pensions

CASE Network Studies and Analyses No. 424: Innovation Activities and 
Competitiveness: Empirical Evidence on the Behaviour of Firms in the New EU Member States

CASE Network E-briefs 04/2011: European Debt Crisis: What is the way out

CASE Network Studies and Analyses No. 423: Fiscal policy in the EU in the crisis: a model-based approach

CASE Network Studies and Analyses No. 422: What are service sector innovations and how do we measure them?

CASE Network E-briefs 03/2011: Inflation Rather Than Austerity‐Hungary’s Economic Strategy

CASE Network E-briefs 02/2011: Fiscal Consolidation in the EU's New Member States

CASE Network Studies and Analyses No. 421: Fiscal Policy Options in light of Recent IMF Research 



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Last update
2010-07-13


The Enlargement of EMU: differences in relative inflation

[ January 2004 - June 2005 ]

Co-ordinator:      Lukasz Rawdanowicz
                    
Geographical range: EU 25
                               
Sponsor:       GDN Regional Research Competition, CERGE-EI

Description: The project was carried out by Lukasz Rawdanowicz under a Global Development Network regional research grant program. The project investigated the structural determinants of relative prices (non-tradables vs. tradables) in the context of inflation differentials in the EU. The analysis was based on the theoretical model developed by Bergstrand (1991). This framework incorporates three alternative hypotheses of relative inflation (Harrod-Ballasa-Samuelson, relative factor endowment, and demand effects). In general, econometric estimations provided the support for the Bergstrand model and corroborate the findings of other studies that relative labor productivity and demand factors are important for the determination of relative prices. The final paper from the research delivered to the GDN in May 2005 discusses policy implications for overall inflation stemming from relative price models. Publication of the paper in a refereed journal is planned for the first quarter of 2006.


[ Completed Project ]


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