LIUC
The European Journal of Comparative Economics
ISSN: 1824-2979
LIUC
EJCE
Year: 2012, August. Volume: 9 - Issue: 2

Why Did Southeastern European Countries Experience Low Inflation Rates in the Beginning of This Century?

Hiroyuki Yamada ; Gerwin Bell

PDF file View this article

Start page: 229 - End page: 246

Keywords:
inflation, price convergence, exchange rate regime, Southeastern Europe
Abstract:
In the last decade, the inflation rates of Southeastern European (SEE) countries - Albania, Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, and Serbia - have been more comparable to those in the euro area than to those in otherwise similar emerging economies; the only exception is Serbia. These low inflation rates can only partly be explained by initial price levels. In addition, the exchange rate regime is of paramount importance. Our analysis also explores additional differences between SEE and other regions

Jel code: E31
Jel code: F3
Jel code: F15
In case of problems please write an e-mail to secretariat.ejce@liuc.it
Supplemento a LIUC Papers
Direttore Responsabile: Piero Cavaleri
UniversitÓ Carlo Cattaneo - LIUC
C.so Matteotti, 22
21053 Castellanza (Va) - Italia
Registro stampa Tribunale di Busto Arsizio n. 11/93 del 11.06.93