@techreport{Orlowski2002Monetary,
abstract = {This study examines the link between various monetary policy regimes and the ability to
manage inflation and exchange rate risk premiums in the EU candidate countries as they
undergo monetary convergence to the eurozone. The underlying hypothesis is that a
system of 'flexible inflation targeting' may be an optimal policy choice for managing
these two categories of risk. A model of inflation and exchange rate risk premiums within
the context of inflation targeting is proposed. Recent trends in these risk premiums in
Hungary, the Czech Republic and Poland are tested by using the GARCH (1,1)
methodology.},
address = {Bonn},
author = {Lucjan T. Orlowski},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E32; E52; P33; 330; inflation risk premium; exchange rate risk premium; inflation targeting; monetary convergence; transition economies; Geldpolitik; Internationale wirtschaftspolitische Koordination; EU-Erweiterung; Europ\"{a}ische Wirtschafts- und W\"{a}hrungsunion; Inflatio},
language = {eng},
number = {B 26-2002},
publisher = {ZEI},
title = {Monetary convergence and risk premiums in the EU candidate countries},
type = {ZEI working paper},
url = {http://hdl.handle.net/10419/39474},
year = {2002}
}
