Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2018.1484789
Patterns of regional inflation persistence in a C.E.E. country. The case of Poland
Paweł Gajewski
orcid.org/0000-0002-8220-2081
; Faculty of Economics and Sociology, University of Lodz, Lodz, Poland
Sažetak
This paper investigates patterns of regional inflation persistence
in Poland, a representative Central and Eastern European (C.E.E.)
country. This study first argues that the C.E.E. perspective is relevant
in the context of this study, due to the recent transitions, incomplete
processes of forming forward-looking inflation expectations
and pronounced spatial inequalities. Using individual and panel
regressions on disaggregate data, this study provides evidence of
the aggregation bias and marked differences in inflation persistence
across product categories. Furthermore, it shows that cross-regional
differences in inflation persistence remain, even after controlling for
the product category. While this study generally confirms the earlier
finding of Vaona and Ascari that more backward regions exhibit higher
consumer price index inflation persistence, we also show that the
picture is more nuanced at the product category level.
Ključne riječi
Regional economic dynamics; C.E.E.; inflation persistence
Hrčak ID:
206110
URI
Datum izdavanja:
3.12.2018.
Posjeta: 726 *