Inflation in a Fully-Euroised Economy: Could Inflation Differentials Threaten Competitiveness?

Marijana Mitrović-Mijatović () and Maja Ivanović ()
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Marijana Mitrović-Mijatović: Central bank of Montenegro
Maja Ivanović: Central bank of Montenegro

Journal of Central Banking Theory and Practice, 2017, vol. 6, issue 2, 101-124

Abstract: This paper analyses inflation in Montenegro, a country which uses euro outside the euro area, and investigates the factors which contribute to price differentials in Montenegro relative to the euro area. Furthermore, the paper examines whether changes in the real effective exchange rates, which in Montenegro`s case follow the path of price differentials, may have any influence on country`s competitiveness.

Keywords: euroisation; inflation differentials; real effective exchange rate; competitiveness. (search for similar items in EconPapers)
JEL-codes: E31 E52 F40 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:cbk:journl:v:6:y:2017:i:2:p:101-124

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