The Determinants of Inflation Differentials across Central and Eastern European Countries
diplomová práce (OBHÁJENO)
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Trvalý odkaz
http://hdl.handle.net/20.500.11956/77683Identifikátory
SIS: 151886
Kolekce
- Kvalifikační práce [17128]
Autor
Vedoucí práce
Oponent práce
Geršl, Adam
Fakulta / součást
Fakulta sociálních věd
Obor
Korporátní strategie a finance v Evropě
Katedra / ústav / klinika
Institut ekonomických studií
Datum obhajoby
22. 9. 2015
Nakladatel
Univerzita Karlova, Fakulta sociálních vědJazyk
Angličtina
Známka
Výborně
Klíčová slova (česky)
Inflation differentials, Central and Eastern Europe, dynamic panel data model, bias-corrected LSDVThe thesis aims at identifying the reasons behind the heterogeneous inflation performance of countries across Central and Eastern Europe. The impact of a large number of variables is being assessed in a dynamic panel data model covering 20 countries over the period 2003-2013. The empirical results suggest that cross-country differences in inflation are attributed to the structure of the economy, to the capital deepening effects and openness. Along with the structural factors, cyclical positions also prove to be of particular importance in explaining inflation across the region, since during the last decade most of the Central and Eastern European countries have experienced fast GDP growth, a credit boom and increased domestic demand that in turn fueled inflation.