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  • 标题:A COMPARATIVE ANALYSIS OF REAL AND PREDICTED INFLATION CONVERGENCE IN CEE COUNTRIES DURING THE ECONOMIC CRISIS
  • 本地全文:下载
  • 作者:Mihaela Simionescu
  • 期刊名称:CES Working Papers
  • 电子版ISSN:2067-7693
  • 出版年度:2014
  • 卷号:6
  • 期号:2
  • 出版社:University of Iasi
  • 摘要:The main objective of this study is to make a comparative analysis of inflation convergencein Central-Eastern European countries (CEE countries) during the economic crisis over 2008-2013. ForBulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia the inflation convergence has decreasedin the analyzed period, the coefficient of variation (64.22%) showing strong divergence compared to theslow divergence indirectly predicted by the European Commission. The negative catch-up rates for Bulgaria,Poland and Slovakia explain the large negative consequences of the actual economic crisis for thesecountries. The Fisher-type test for panel data indicated no convergence for real and predicted inflationconvergence. The analysis based on random effects models indicated an inflation convergence rate of15.47% in CEE economies compared to a predicted convergence rate of 2.04%.
  • 关键词:convergence; forecasts; accuracy; catch-up rate; panel unit root test
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