Republic of Lithuania [electronic resource] : Selected Issues.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 05/122Publication details: Washington, D.C. : International Monetary Fund, 2005Description: 1 online resource (33 p.)ISBN: 1451824106 :ISSN: 1934-7685Subject(s): Currency Boards | Inflation Dynamics | Inflation | Macroeconomic Performance | Relative Price | LithuaniaAdditional physical formats: Print Version:: Republic of Lithuania : Selected IssuesOnline resources: IMF e-Library | IMF Book Store Abstract: This Selected Issues paper looks at short-term inflation dynamics in the new member states (NMS) of the European Union, focusing on the role of monetary policy regimes. It models the determinants of inflation in the NMS and assesses how different theoretical frameworks best fit the data. The paper investigates the macroeconomic performance of currency boards within the group of NMS, evaluates their role in reducing inflation, and identifies some of their distinctive characteristics. The paper also examines the current account sustainability for Lithuania.
This Selected Issues paper looks at short-term inflation dynamics in the new member states (NMS) of the European Union, focusing on the role of monetary policy regimes. It models the determinants of inflation in the NMS and assesses how different theoretical frameworks best fit the data. The paper investigates the macroeconomic performance of currency boards within the group of NMS, evaluates their role in reducing inflation, and identifies some of their distinctive characteristics. The paper also examines the current account sustainability for Lithuania.
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