Petkovski, Mihail and Kjosevski, Jordan and Stojkov, Aleksandar and Batrashek Petkovska, Katerina (2024) Examining Country-specific and Global Factors of Inflation Dynamics: The Curious Case of Baltic States. Politická ekonomie, 72.
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Abstract
This article addresses the emergence of double-digit inflation in the Baltic states during 2022
and 2023, following decades of price stability. Utilizing monthly data spanning from January
2010 to February 2023, our study aims to comprehensively analyse the inflation dynamics
in the Baltic context, considering both domestic and global factors. Through the application
of the fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares
(DOLS) methodologies, we identify significant influences such as exchange rate fluctuations,
food and energy price movements and geopolitical events, notably the ongoing conflict
in Ukraine. Our findings contribute to a deeper understanding of the determinants of inflation
in the Baltic region, offering insights essential for informed policymaking aimed at mitigating
vulnerabilities to future inflationary shocks.
| Item Type: | Article |
|---|---|
| Subjects: | Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Divisions: | UKLO Network |
| Depositing User: | UKLO Mrezha |
| Date Deposited: | 26 Nov 2024 13:15 |
| Last Modified: | 26 Nov 2024 13:15 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/10382 |
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