Convergence of Relative Prices and Inflation in Central and Eastern Europe, Issues 2001-2124 |
Common terms and phrases
106 countries adjustment of relative assume assumption average price level Balassa-Samuelson approach Balassa-Samuelson model calculations CEE countries coefficient of price coefficient of relative commodity groups comparable prices conditional convergence convergence Czech Republic Czech Statistical Office decline developed EU countries differences in structures equation estimated European countries Figure 1a GDP per capita Germany Greece headline inflation Hungary hyperbola ICP and authors including repairs increase individual commodities individual countries least developed level and GDP Linear shrinkage negative relationship negative residual nominal GDP nominal prices nominal weights nontradable commodities nontradable sector OECD percent significance level percentage points Poland Portugal prices of tradables productivity in services purchasing power parity real weights reference country regulated prices relationship between price relative price adjustment relative price differences relative price level slope coefficient Slovakia Slovenia standard Balassa-Samuelson structural break structures of relative tradable and nontradable tradable commodities tradable sector transition countries United Kingdom