<abstract xmlns="http://www.w3.org/1999/xhtml"><p>This paper analyses inflation in Montenegro, a country which uses euro outside the euro area, and investigates the factors which contribute to price differentials in Montenegro relative to the euro area. Furthermore, the paper examines whether changes in the real effective exchange rates, which in Montenegro’s case follow the path of price differentials, may have any influence on country’s competitiveness.</p></abstract>

This paper analyses inflation in Montenegro, a country which uses euro outside the euro area, and investigates the factors which contribute to price differentials in Montenegro relative to the euro area. Furthermore, the paper examines whether changes in the real effective exchange rates, which in Montenegro’s case follow the path of price differentials, may have any influence on country’s competitiveness.

Inflation in a Fully-Euroised Economy: Could Inflation Differentials Threaten Competitiveness?

Journal of Central Banking Theory and Practice

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

This paper analyses inflation in Montenegro, a country which uses euro outside the euro area, and investigates the factors which contribute to price...

Inflation in a Fully-Euroised Economy: Could Inflation Differentials Threaten Competitiveness?

Publié en ligne: 22 mai 2017

Pages: 101 - 124

Reçu: 27 janv. 2017

Accepté: 10 avr. 2017

DOI: https://doi.org/10.1515/jcbtp-2017-0015

Mots clés
euroisation, inflation differentials, real effective exchange rate, competitiveness

© 2017 Central Bank of Montenegro

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Inflation in a Fully-Euroised Economy: Could Inflation Differentials Threaten Competitiveness?

Publié en ligne: 22 mai 2017

Pages: 101 - 124

Reçu: 27 janv. 2017

Accepté: 10 avr. 2017

DOI: https://doi.org/10.1515/jcbtp-2017-0015

Mots cléseuroisation, inflation differentials, real effective exchange rate, competitiveness

© 2017 Central Bank of Montenegro

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Mots clés
euroisation, inflation differentials, real effective exchange rate, competitiveness