Publication
Apr 2007
This paper compares inflation in Romania with that in the eight EU member states that joined in May 2004. By decomposing the inflation differential between Romania and the other states, the author finds that neither the revenue, nor the balance of payments, nor the financial stability motive are driving inflation; rather structural differences are at play. The author argues that the employment motive, together with indicators reflecting the prolonged structural change, explain most of the inflation gap.
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English (PDF, 23 pages, 260 KB) |
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Author | Felix Hammermann |
Series | Kiel Institute Working Papers |
Issue | 1322 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2007 Kiel Institute for the World Economy |