Advanced Search
MyIDEAS: Login to save this article or follow this journal

Cointegration Approach to Analysing Inflation in Croatia

Contents:

Author Info

  • Lena Malesevic-Perovic

    (Faculty of Economics, Split, Croatia)

Registered author(s):

    Abstract

    The aim of this paper is to analyse the determinants of inflation in Croatia in the period 1994:6-2006:6. We use a cointegration approach and find that increases in wages positively influence inflation in the long-run. Furthermore, in the period from June 1994 onward, the depreciation of the currency also contributed to inflation. Money does not explain Croatian inflation. This irrelevance of the money supply is consistent with its endogeneity to exchange rate targeting, whereby the money supply is determined by developments in the foreign exchange market. The value of inflation in the previous period is also found to be significant, thus indicating some inflation inertia.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.ijf.hr/eng/FTP/2009/2/malesevic.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Institute of Public Finance in its journal Financial Theory and Practice.

    Volume (Year): 33 (2009)
    Issue (Month): 2 ()
    Pages: 201-218

    as in new window
    Handle: RePEc:ipf:finteo:v:33:y:2009:i:2:p:201-218

    Contact details of provider:
    Postal: Smiciklasova 21, 10000 Zagreb
    Email:
    Web page: http://www.fintp.hr/
    More information through EDIRC

    Related research

    Keywords: inflation; Croatia; cointegration;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ipf:finteo:v:33:y:2009:i:2:p:201-218. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Martina Fabris).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.