References
- 1. Angeloni, I. and Ehrmann, M. (2007) Euro Area Inflation Differentials, The B. E. Journal of Macroeconomics, Vol. 7, Issue 1, Article 24.10.2202/1935-1690.1509
- 2. Apostolov, M. and Josevski, D. (2016) Aggregate Demand–Inflation Adjustment Model Applied to Southeast European Economies, Journal of Central Banking Theory and Practice, Vol 5. (1), pp. 141-157.
- 3. Ayuso, J., De Castro, F. and Ó. Gómez (2004) The Spanish Inflation Differential: A Never-Ending Story, Economic analysis from the European Commission’s Directorate-General for Economic and Financial Affairs, Vol. 1, Issue 12.
- 4. Balassa, B. (1964) The Purchasing Power Parity Doctrine: A Reappraisal, Journal of Political Economy, Vol. 72 (6), pp. 584–596.
- 5. Bogetić, Ž., Pejović I. and I. Osorio-Roddarte (2013) Expanding and Diversifying Montenegro’s Exports: A Product Space Analysis, Journal of Central Banking Theory and Practice, Vol. 2(2), pp. 19-34.
- 6. Canzoneri, M., R. Cumby, B. Diba and G. Eudey, (2002), Productivity Trends in Europe: Implications for Real Exchange Rates, Real Interest Rates, and Inflation, Review of International Economics, Vol. 10 (3), pp. 497-516.
- 7. Central bank of Montenegro (CBCG) (2005) Inflation report, CBM Quarterly Report, available at: http://cbcg.me/eng/slike_i_fajlovi/fajlovi/fajlovi_publikacije/kvartalni_izv_o_kretanju_cijena/inflation_report_iiq2005.pdf
- 8. Chen, R., Milesi-Ferretti, G. M. and Tressel, T. (2012) External Imbalances in the Euro Area, IMF Working Paper, No. 12/236.
- 9. Coudert, V., Couharde, C. and Mignon, V. (2013) On Currency Misalignments within the Euro Area, Review of International Economics, Vol. 21, No. 1, pp. 35–48.
- 10. De Haan, J. (2010) Inflation Differentials in the Euro Area: A Survey, in The European Central Bank at Ten, by J. de Haan and H. Berger (eds), Springer.10.1007/978-3-642-14237-6
- 11. Del Cristo, M., L., M. and Gómez-Puig, M. (2012) Pass-through in Dollarized Countries: Should Ecuador Abandon the U.S. Dollar, Universitat de Barcelona, Research Institute of Applied Economics Working Paper, No. 2012/16.
- 12. Duarte, M. and Wolman, A. L. (2008) Fiscal Policy and Regional Inflation in a Currency Union. Journal of International Economics, Vol. 74, pp. 384–401.10.1016/j.jinteco.2007.07.002
- 13. Easterly, W. (2005) National Policies and Economic Growth: A Reappraisal. In Handbook of Economic Growth, ed. P. Aghion and S. Durlauf, 1015–56. Amsterdam, The Netherlands: Elsevier.10.1016/S1574-0684(05)01015-4
- 14. Égert, B. (2007) Real Convergence, Price Level Convergence and Inflation Differentials in Europe, CESIFO Working Paper, No. 2127.
- 15. Égert, B. (2010) Catching-Up and Inflation in Europe: Balassa-Samuelson, Engel’s Law and Other Culprits, Organization for Economic Co-operation and Development, Economics Department Working Papers, No. 792
- 16. Égert, B. and Morales-Zumaquero, A. (2005) Exchange rate regimes, foreign exchange volatility and export performance in Central and Eastern Europe: Just another blur project?, BOFIT Discussion Papers, No. 8.10.2139/ssrn.903123
- 17. Égert, B. and Podpiera, J. (2008) Structural Inflation and Real Exchange Rate Appreciation in Visegrad-4 Countries: Balassa-Samuelson or Something Else?, Centre For Economic Policy Research, CEPR Policy Insight No. 20.
- 18. European Central Bank (ECB), (2012) Inflation Differentials in the Euro Area during the Last Decade, ECB Monthly Bulletin, November, available: https://www.ecb.europa.eu/pub/pdf/other/art1_mb201211en_pp71-85en.pdf
- 19. European Central Bank (ECB), (2003) Inflation Differentials in the euro area: Potential Causes and Policy Conclusions, September. Available at: http://www.ecb.europa.eu/pub/pdf/other/inflationdifferentialreporten.pdf
- 20. Fischer, C. (2007) An assessment of the trends in international price competitiveness among EMU countries, Discussion Paper Series 1: Economic Studies 2007/08, Deutsche Bundesbank, Research Centre.10.2139/ssrn.2785283
- 21. Goldfajn, I. and Olivares, G. (2001) Full Dollarization: The Case of Panama, Economía, Vol 1. No. 2, pp. 101-155.
- 22. Haddad, M. and Pancaro, C. (2010) Can Real Exchange Rate Undervaluation Boost Exports and Growth in Developing Countries? Yes, But Not for Long, World Bank Economic Premise June 2010.
- 23. Hammermann, F. and Flanagan, M. (2009) What explains inflation differentials across transition economies?, Economics of Transition, Vol. 17, No. 2, pp. 297-328.
- 24. Hashimoto, Y. (2016), Explaining Montenegro’s Export Performance, IMF Selected Issues Montenegro, available at: https://www.imf.org/external/pubs/ft/scr/2016/cr1680.pdf
- 25. Hildebrandt, A. and Moder, I. (2015) Business cycle synchronization between the Western Balkans and the European Union, in Oesterreichische Nationalbank Focus on European Economic Integration Q3/15.
- 26. Honohan, P. and Lane, P. (2003) Divergent Inflation Rates in EMU, Economic Policy, pp. 357–394.
- 27. Horváth, R. and Koprnická, K. (2008) Inflation differentials in EU new member states. Prague : IES, Charles University, IES Working Paper, No. 24.
- 28. International Monetary Fund (IMF), (2010) Monetary and Financial Statistics Manual. Available at: http://www.imf.org/en/Data#manuals
- 29. International Monetary Fund (IMF), (2016) Montenegro Financial Sector Assessment Program, IMF Country Report No. 16/198. Available at: https://www.imf.org/external/pubs/ft/scr/2016/cr16198.pdf10.5089/9781498325509.002
- 30. Johnson, S., J. D. Ostry, and Subramanian, A. (2007) The Prospects for Sustained Growth in Africa: Benchmarking the Constraints, IMF Working Paper, No. 07/52.
- 31. McKenzie, M. D. (1999) The Impact of Exchange Rate Volatility in International Trade Flows. Journal of Economic Surveys, Vol. 13, No. 1, pp. 71-106.10.1111/1467-6419.00075
- 32. Micallef, B. and Cyrus, L. (2013) Inflation Differentials in a Monetary Union: the case of Malta, Central bank of Malta Working Paper, No. 05/2013.
- 33. Mohl, P. and Walsh, T. (2015) Revisiting the Relative Price Mechanism, Chapter 2 in Quarterly Report on the Euro Area Vol. 14, No 4. European Commission Institutional Paper 016. http://ec.europa.eu/economy_finance/publications/.
- 34. Orszaghova L., Savelin L. and Schudel, W. (2013) External Competitiveness of EU Candidate Countries, ECB Occasional Paper Series, No. 141.
- 35. Penkova-Pearson, E. (2012) Trade, Convergence and Exchange Rate Regime: Evidence from Bulgaria and Romania, Journal of Central Banking Theory and Practice, Vol. 1(1), pp. 107-139.
- 36. Sokic, A. and Fabris, N. (2013) Euroisation and cyclical stabilization in Montenegro: an empirical analysis, MPRA Paper, No. 46537.
- 37. Yamada, H. and Bell, G. (2012) Why Did Southeastern European Countries Experience Low Inflation Rates in the Beginning of This Century?, The European Journal of Comparative Economics Vol. 9, No. 2, pp. 229-246.