Frankfurters – No. 21, August 2023
- Economic transformation of the Western Balkans and Eastern Europe – lessons learned
- The countries of the Western Balkans and Eastern Europe went through a major economic transformation over the past 15 years
- Inflation has peaked at multi-year highs through 2022 in the Western Balkan and Eastern Europe economies
- Similar to the eurozone, the main drivers of inflation in these countries are food and energy price inflation
- During the post-pandemic recovery, economies in the Western Balkans and Eastern Europe countries experienced strong increases in wages
- Fiscal policies played a crucial role in providing support to the economies
- How does the exchange rate regime affect monetary policy?
