Fiscal and monetary drivers of inflation in the European Union: A comparative analysis of old and post-socialist countries

Kjosevski, Jordan and Petkovski, Mihail and Simeonovski, Kiril (2025) Fiscal and monetary drivers of inflation in the European Union: A comparative analysis of old and post-socialist countries. ACTA OECONOMICA, 75 (4). pp. 519-540. ISSN 0001-6373

Text 032-article-p519.pdf - Published Version Restricted to Repository staff only Download (523kB)

Abstract

This study analyses the fiscal and monetary determinants of inflation in 27 European Union (EU) member states between 2010 and 2023, with a comparative focus on “old” (primarily Western European) and “post-socialist” (mostly Eastern European) members. A dynamic panel estimation based on the System Generalised Method of Moments (System GMM) is employed to address endogeneity and unobserved heterogeneity. Key macroeconomic variables considered include wages, unemployment, interest rates, exchange rates, government spending, tax revenues, trade openness, and government debt growth.

Actions (login required)

Edit Item