The Determinants of Inflation Differentials across Central and Eastern European Countries
| Název práce v češtině: | |
|---|---|
| Název v anglickém jazyce: | The Determinants of Inflation Differentials across Central and Eastern European Countries |
| Klíčová slova: | Inflation differentials; Central and Eastern Europe; dynamic panel data model; bias-corrected LSDV. |
| Akademický rok vypsání: | 2013/2014 |
| Typ práce: | diplomová práce |
| Jazyk práce: | angličtina |
| Ústav: | Institut ekonomických studií (23-IES) |
| Vedoucí / školitel: | prof. Roman Horváth, Ph.D. |
| Řešitel: | skrytý - zadáno vedoucím/školitelem |
| Datum přihlášení: | 15.06.2014 |
| Datum zadání: | 15.06.2014 |
| Datum a čas obhajoby: | 22.09.2015 00:00 |
| Místo konání obhajoby: | |ES |
| Datum odevzdání elektronické podoby: | 31.07.2015 |
| Datum proběhlé obhajoby: | 22.09.2015 |
| Oponenti: | doc. PhDr. Adam Geršl, Ph.D. |
| Kontrola URKUND: | |
| Seznam odborné literatury |
| Cottarelli, C., Griffiths, M. & Moghadam, R. (1998): The Nonmonetary Determinants of Inflation: A Panel Data Study. International Monetary Fund Working Papers, no. 98/23.
Cukierman, A., Miller, G.P. & Neyapti, B. (2002): Central Bank Reform, Liberalization and Inflation in Transition Economies–an International Perspective. Journal of Monetary Economics 49: pp. 237–264. Hammermann, F. & Flanagan, M. (2007): What Explains Persistent Inflation Differentials across Transition Economies? International Monetary Fund Working Paper, no. 189/07. Horvath, R. & Koprnicka, K. (2008): Inflation Differentials in New EU Member States: Empirical Evidence. Czech Journal of Economics and Finance 58 (7–8): pp. 318–328. Staehr, K. (2009): Inflation in the New EU Countries from Central and Eastern Europe: Theories and Panel Data Estimations. European Economy Occasional Papers 50: pp. 35–58 |
| Předběžná náplň práce v anglickém jazyce |
| In the last decade there has been a significant gap in the inflation performance across Central and Eastern European countries, namely between the New Member States (NMS) of the European Union and the developing economies from Eastern Europe. NMS managed to successfully complete their transition process and attained low levels of inflation required by the Maastricht Treaty. On contrary, Western CIS countries such as Moldova, Belarus, Russia and Ukraine are still dealing with high inflation.
In my thesis I aim at finding the factors underlying the divergent paths of inflation in transition economies compared to NMS. Understanding what drives inflation in these economies is important for several reasons. First, high inflation reduces welfare. Second, transition economies are exposed to a larger number of shocks, both endogenous and exogenous. In case of an external shock, different policies may be implemented depending on its degree of persistence. Third, high inflation reduces international competitiveness and may have adverse implications on output. |