The main objective in this book is to analyze empirically the effect of the exchange rate on price in small open countries that are acceding to the EU during the period time 1996-2011. Based on variety of the theoretical and empirical evidence, the empirical investigation is carried out using Panel data model in order to investigate the effect of exchange rate on prices. Also, we have used more explanatory variables based on literature, as example Initial level of CPI-consumer index price and short term lending interest rate. The regression results show a positive and significant effect...
The main objective in this book is to analyze empirically the effect of the exchange rate on price in small open countries that are acceding to the EU...