Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39474
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dc.contributor.authorOrlowski, Lucjan T.en_US
dc.date.accessioned2010-09-01T09:46:44Z-
dc.date.available2010-09-01T09:46:44Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/39474-
dc.description.abstractThis study examines the link between various monetary policy regimes and the ability tomanage inflation and exchange rate risk premiums in the EU candidate countries as theyundergo monetary convergence to the eurozone. The underlying hypothesis is that asystem of 'flexible inflation targeting' may be an optimal policy choice for managingthese two categories of risk. A model of inflation and exchange rate risk premiums withinthe context of inflation targeting is proposed. Recent trends in these risk premiums inHungary, the Czech Republic and Poland are tested by using the GARCH (1,1)methodology.-
dc.language.isoengen_US
dc.publisher|aZEI |cBonnen_US
dc.relation.ispartofseries|aZEI working paper |xB 26-2002en_US
dc.subject.jelE32-
dc.subject.jelE52-
dc.subject.jelP33-
dc.subject.ddc330en_US
dc.subject.keywordinflation risk premium-
dc.subject.keywordexchange rate risk premium-
dc.subject.keywordinflation targeting-
dc.subject.keywordmonetary convergence-
dc.subject.keywordtransition economies-
dc.subject.stwGeldpolitiken_US
dc.subject.stwInternationale wirtschaftspolitische Koordinationen_US
dc.subject.stwEU-Erweiterungen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwInflatioen_US
dc.titleMonetary convergence and risk premiums in the EU candidate countriesen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn825537061en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zeiwps:B262002-

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