| Title |
Resilience of consumer prices level to international trade shocks in European Union |
| Authors |
Burkšaitienė, Daiva ; Snieška, Vytautas |
| DOI |
10.3846/bm.2023.1066 |
| ISBN |
9786094763335 |
| eISBN |
9786094763342 |
| Full Text |
|
| Is Part of |
13th International scientific conference “Business and management 2023”, May 11–12, 2023, Vilnius, Lithuania.. Vilnius : Vilnius Gediminas Technical University, 2023. art. no. bm.2023.1066, p. 293-299.. ISSN 2029-4441. eISSN 2029-929X. ISBN 9786094763335. eISBN 9786094763342 |
| Keywords [eng] |
Harmonised Index of Consumer Prices (HICP) ; European Union ; inflation ; import ; international trade ; panel data analysis |
| Abstract [eng] |
Inflation in most of the countries of the European Union has recently increased significantly. One of the main reasons for this is higher imports and, especially, energy prices. It is very important to investigate the specific characteristics of this process in different countries to better understand the reasons why countries are different in sensitivity to international shocks. This knowledge helps to improve inflation control. The results of a statistical analysis of 1269 balanced panel observations have revealed differences in inflationary reactions in European countries and possible reasons for these differences. These shocks were most significant in Lithuania, Estonia, Latvia, and Hungary. |
| Published |
Vilnius : Vilnius Gediminas Technical University, 2023 |
| Type |
Conference paper |
| Language |
English |
| Publication date |
2023 |
| CC license |
|
