Catching‑up and Inflation in Europe: Balassa-Samuelson, Engel's Law and Other Culprits
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of inflation rates. By contrast, we find that the initial...
