EconPapers    
Economics at your fingertips  
 

Price Dynamics in Central and Eastern European EU Accession

Peter Backé (), Jarko Fidrmuc (), Thomas Reininger () and Franz Schardax ()
Additional contact information
Thomas Reininger: Oesterreichische Nationalbank, Foreign Research Division
Franz Schardax: Oesterreichische Nationalbank, Foreign Research Division, Otto-Wagner-Platz 3, POB 61, A-1011 Vienna, Austria

Working Papers from Oesterreichische Nationalbank (Austrian Central Bank)

Abstract: In this paper we review the developments of prices in the Central and Eastern European EU accession countries between 1990 and 2001. The paper starts with an analysis of the short-term and long-term (dis)inflation dynamics. This is complemented by an appraisal of price level convergence. The major driving forces of price formation in the accession countries are found to be related to price liberalization during the transition to a market economy, to the prospective EU accession, and to the catching-up process (Balassa-Samuelson effect). Finally, the paper draws conclusions about future monetary and exchange rate policy options in the run-up to EU accession and beyond.

Keywords: Price liberalization; core inflation; Balassa-Samuelson effect; EU enlargement. (search for similar items in EconPapers)
JEL-codes: E31 E42 F41 (search for similar items in EconPapers)
Pages: 47
Date: 2002-02-28
New Economics Papers: this item is included in nep-ifn
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35) Track citations by RSS feed

Downloads: (external link)
https://www.oenb.at/dam/jcr:139ac1b1-8935-4e16-9f5 ... /wp61_tcm16-6150.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (https://www.oenb.at/dam/jcr:139ac1b1-8935-4e16-9f5f-d19300888b45/wp61_tcm16-6150.pdf [303 See Other]--> https://www.oenb.at/error_path/403.html?al_req_id=YzLW3VvqvIuxyISkDdXfUQAAADg)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:onb:oenbwp:61

Ordering information: This working paper can be ordered from
Oesterreichische Nationalbank, Economic Studies Division, POB 61, A-1011 Vienna, Austria

The price is Free subject to availability.

Access Statistics for this paper

More papers in Working Papers from Oesterreichische Nationalbank (Austrian Central Bank) P.O. Box 61, A-1011 Vienna, Austria. Contact information at EDIRC.
Bibliographic data for series maintained by Markus Knell ().

 
Page updated 2022-09-28
Handle: RePEc:onb:oenbwp:61