New studies tackle diverse inflation outcomes in eastern Europe
Two new studies into the factors behind inflation and interest rate pass-through emphasise the need to understand the factors behind effective monetary policy to gauge the need for structural reforms.
The studies, one by the International Monetary Fund (IMF)* and the other by the National Bank of Slovakia**, have identified a plethora of factors that are behind divergent monetary policy outcomes in eastern Europe.
IMF economists Christian Saborowski and Sebastian Weber analyse a large sample of
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