Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/39474
Autor:innen: 
Erscheinungsjahr: 
2002
Schriftenreihe/Nr.: 
ZEI Working Paper No. B 26-2002
Verlag: 
Rheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI), Bonn
Zusammenfassung: 
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.
Schlagwörter: 
inflation risk premium
exchange rate risk premium
inflation targeting
monetary convergence
transition economies
JEL: 
E32
E52
P33
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
774.93 kB





Publikationen in EconStor sind urheberrechtlich geschützt.