Enter the e-mail address associated with your account.
Click "send" to have your password e-mailed to you.

Email:
Institute of Public Finance
HOME
EDITORIAL BOARDS
LIST OF REVIEWERS
ARCHIVE
INDEXING / ABSTRACTING
DIGITAL ACCESSIBILITY STATEMENT
CONTACT

Creative Commons License
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License
Archive
print

Cointegration Approach to Analysing Inflation in Croatia


Lena Maleševic-Perović, Faculty of Economics, Split, Croatia


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.

Keywords:  inflation, Croatia, cointegration

Year:  2009   |   Volume:  33   |   Issue:  2   |   Pages:  201 - 218

Full text (PDF)   |   E-mail this article   |   Download to citation manager		 June, 2009
II / 2009
DOAJ
Hrčak
RePEc
CrossRef
CrossCheck
EBSCO Publishing
ISSN 1846-887X
e-ISSN 1845-9757
In order to give you a better user experience, cookies have been stored on your computer.
By accessing the website www.fintp.hr the user has given consent to using cookies. More information