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http://hdl.handle.net/10419/22124
  

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dc.contributor.authorIacone, Fabrizioen_US
dc.contributor.authorOrsi, Renzoen_US
dc.date.accessioned2009-01-29T14:52:01Z-
dc.date.available2009-01-29T14:52:01Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/22124-
dc.description.abstractWe consider a small structural model to describe the transmission mechanism of monetary policy and the dynamics of inflation. We first verify the validity of the general structure estimating it for Germany which represents a sort of benchmark model. At least one of the links required for the transmission mechanism of monetary policy, when we analyse the Central and Eastern European Countries (CEECs), reveals to be not significant when considered on the whole sample. On the contrary the results are closer to a textbook description when the attention is shifted to the second part of the sample only. We interpret this as a piece of evidence indicating that the transition is indeed operating, but it is still ongoing and in some cases it is not complete yet. We also verify that the effects of the exchange rate on both the aggregate demand and on the inflation are in agreement with the economic theory. We conclude that the exchange rate should be actively used to control the inflation in the CEECs.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesEzoneplus working paper 8en_US
dc.subject.ddc330en_US
dc.subject.stwWechselkurssystemen_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwInflation Targetingen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwEU-Erweiterungen_US
dc.subject.stwMonetäre Aussenwirtschaftstheorieen_US
dc.subject.stwPhillips-Kurveen_US
dc.subject.stwOsteuropaen_US
dc.titleExchange Rate Management and Inflation Targeting in the CEE Accession Countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn393740935en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Ezoneplus Working Papers, Jean Monnet Centre of Excellence, FU Berlin

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