Income Convergence and Inflation in Central and Eastern Europe

References

• Barro, R., and X. Sala-i-Martin. 1995. Economic Growth. New York: McGraw-Hill.
   Google Scholar
• Choi, I. 2001. "Unit Root Tests for Panel Data." Journal of International Money and Finance 20: 249-272.
   Google Scholar
• Choudhry, T. 1999. "Purchasing Power Parity in High Inflation Eastern European Countries: Evidence from Fractional Cointegration and Harris-Inder Cointegration Test." Journal of Macroeconomics 21, no. 2: 293-308.
   Google Scholar
• Christev, A., and A. Noorbakhsh. 2000. "Long-Run Purchasing Power Parity, Prices and Exchange Rates in Transition: The Case of Six Central and East European Countries." Global Finance Journal 11, nos. 1-2: 87-108.
   Google Scholar
• Cuestas, J.C. 2009. "Purchasing Power Parity in Central and Eastern European Countries: An Analysis of Unit Roots and Nonlinearities." Applied Economics Letters 16, no. 1: 87-94.
   Google Scholar
• Cuestas, J.C., and B. Harrison. 2010. "Inflation Persistence and Nonlinearities in Central and Eastern European Countries." Economics Letters 106, no. 2: 81-83.
   Google Scholar
• Darvas, Z., and G. Szapary. 2008. "Euro Area Enlargement and Euro Adoption Strategies." European Economy, Economic Papers no. 304, Brussels.
   Google Scholar
• Dobrinsky, R. 2006. "Catch-up Inflation and Nominal Convergence: The Balancing Act for New EU Entrants." Economic Systems 30, no. 4: 424-442.
   Google Scholar
• Economist. 2009. "Fear of Floating: The Financial Crisis Has Made the Euro Look More Alluring." Special report (June 13), pp. 10-12.
   Google Scholar
• Egert, B. 2007. "Real Convergence, Price Level Convergence and Inflation Differentials in Europe." CESifo Working Paper no. 2127, Munich.
   Google Scholar
• Egert, B. 2008. "Prices and Price Convergence in Emerging Europe: An Overview." National Institute Economic Review, 204, no. 1: 66-84.
   Google Scholar
• Egert, B., and L. Halpern. 2006. "Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues." Journal of Economic Surveys 20, no. 2: 257-324.
   Google Scholar
• Egert, B.; I. Drine; K. Lommatzsch; and C. Rault. 2003. "The Balassa-Samuelson Effect in Central and Eastern Europe: Myth or Reality?" Journal of Comparative Economics 31, no. 3: 552-572.
   Google Scholar
• Fabrizio, S.; D. Leigh; and A. Mody. 2009. "The Second Transition: Eastern Europe in Perspective." International Monetary Fund Working Paper no. WP/09/43, Washington, DC.
   Google Scholar
• Froot, K., and K. Rogoff. 1995. "Perspectives on PPP and Long-Run Real Exchange Rates." Handbook of International Economics, vol. 3, ed. G.M. Grossman and K. Rogoff, pp. 1647-1688. Amsterdam: Elsevier.
   Google Scholar
• Grafe, C., and C. Wyplosz. 1997. "The Real Exchange Rate in Transition Economies." CEPR Discussion Paper Series no. 1773, Washington, DC.
   Google Scholar
• Im, K.; H. Pesaran; and Y. Shin. 2003. "Testing for Unit Roots in Heterogeneous Panels." Journal of Econometrics 115, no. 1: 53-74.
   Google Scholar
• Ito, T.; P. Isard; and S. Symansky. 1999. "Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia." In Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues, vol. 7, ed. T. Ito and A. Krueger, pp. 109-132. Chicago: University of Chicago Press.
   Google Scholar
• Kravis, I., and R. Lipsey. 1988. "National Price Levels and the Prices of Tradables and Nontradables." American Economic Review, Papers and Proceedings 78, no. 2: 474-478.
   Google Scholar
• Lein, S.; M. Leon-Ledesma; and C. Nerlich. 2008. "How Is Real Convergence Driving Nominal Convergence in the New EU Member States?" Journal of International Money and Finance 28, no. 2: 227-248.
   Google Scholar
• Levin, A.; C.-F. Lin; and C.-S. Chu. 2002. "Unit Root Tests in Panel Data: Asymptotic and Finite-Sample Properties." Journal of Econometrics 108, no. 1: 1-24.
   Google Scholar
• Lewis, J. 2009. "Hitting and Hoping? Meeting the Exchange Rate and Inflation Criteria During a Period of Nominal Convergence." European Journal of Political Economy 24, no. 4: 508-524.
   Google Scholar
• Lommatzsch, K., and S. Tober. 2004. "What Is Behind the Real Appreciation of the Accession Countries' Currencies? An Investigation of the PPI-Based Real Exchange Rate." Economic Systems 28, no. 4: 383-403.
   Google Scholar
• Maddala, G.S., and S. Wu. 1999. "A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test." Oxford Bulletin of Economics and Statistics 61, no. S1: 631-652.
   Google Scholar
• Miyakima, K. 2005. "Real Exchange Rates in Growing Economies: How Strong Is the Role of the Nontradables Sector." International Monetary Fund Working Paper no. WP/05/233, Washington, DC.
   Google Scholar
• Saborowski, C. 2009. "Capital Inflows and the Real Exchange Rate: Can Financial Development Cure the Dutch Disease?" International Monetary Fund Working Paper no. WP/09/20, Washington, DC.
   Google Scholar
• Saygili, H., and M. Saygili. 2009. "Testing Purchasing Power Parity for the New EU Members and Turkey: A Panel Cointegration Analysis with DCPI." Working Paper, Central Bank of the Republic of Turkey, Istanbul.
   Google Scholar
• Sideris, D. 2006. "Purchasing Power Parity in Economies in Transition: Evidence from Central and East European Countries." Applied Financial Economics 16, nos. 1-2: 135-143.
   Google Scholar
• Staehr, K. 2009. "Inflation in the New EU Countries from Central and Eastern Europe: Theories and Panel Data Estimations." European Economy Occasional Paper no. 50, ECFIN, Brussels (available at http://ec.europa.eu/economy_finance/publications/publication15562_en.pdf
   Google Scholar
• Staehr, K. 2010. "Income Convergence and Inflation in Central and Eastern Europe: Does the Sun Always Rise in the East?" Working Papers of Eesti Pank no. 4/2010, Tallinn.
   Google Scholar
• Stavrev, E. 2009. "Forces Driving Inflation in the New EU10 Members." International Monetary Fund Working Paper no. WP/09/51, Washington, DC.
   Google Scholar
• Wood, A. 1998. "Global Trends in Real Exchange Rates, 1960 to 1984." World Bank Discussion Paper no. WDP35, Washington, DC.
   Google Scholar
• Zoli, E. 2009. "Commodity Price Volatility, Cyclical Fluctuations, and Convergence: What Is Ahead for Inflation in Emerging Europe." International Monetary Fund Working Paper no. WP/09/41, Washington, DC.
   Google Scholar