Resilience of consumer prices level to international trade shocks in European Union

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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Žurnalų straipsniai / Journal articles
Language:
Anglų kalba / English
Title:
Resilience of consumer prices level to international trade shocks in European Union
Authors:
In the Journal:
Business and management, 2023, 13, 293-299
Subject Category:
LT
Ekonominė padėtis / Economic conditions; Eksportas. Importas / Export. Import; Tarptautinė prekyba / International trade; Kainos / Prices.
Summary / Abstract:

ENInflation 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. Keywords: Harmonised Index of Consumer Prices (HICP), European Union, inflation, import, international trade, panel data analysis.

DOI:
10.3846/bm.2023.1066
ISSN:
2029-4441; 2029-929X
Subject:
Ekonomika / Economics
Permalink:
https://www.lituanistika.lt/content/107594
Updated:
2026-02-25 13:53:41
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