@techreport{Hammermann2007Nonmonetary,
abstract = {Why is inflation, 15 years after transition started, still considerably higher in Romania than in the eight EU member states (EU-8) that joined in May 2004? Panel estimation based on ten central and eastern European countries allows us to decompose the inflation differential between Romania and the EU-8. The decomposition suggests that neither the revenue, nor the balance of payments, nor the financial stability motive are driving inflation; rather structural differences are at play. The employment motive, together with indicators reflecting the prolonged structural change, explain most of the inflation gap vis-?-vis the EU-8.},
address = {Kiel},
author = {Felix Hammermann},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E58; 330; inflation; panel data; transition economics; Inflationsrate; Inflation; \"{U}bergangswirtschaft; Strukturwandel; Dekompositionsverfahren; Sch\"{a}tzung; Rum\"{a}nien},
language = {eng},
number = {1322},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {Nonmonetary Determinants of Inflation in Romania: A Decomposition},
type = {Kieler Arbeitspapiere},
url = {http://hdl.handle.net/10419/17843},
year = {2007}
}
