Page 26 - Economic Outlook Romania 2019
P. 26
CE4: Hiding behind flat Phillips curves
Phillips curve broken across CEE; the Significant untapped labour supply in
strongest FX pass-through in Romania Romania, but structural policies missing
14
The significance of 18.0
12 variables (t-Statistics) Underemployed part-time
explaining core HICP in CEE economies workers
10 15.0 Seeking work but not
immediately available
8
12.0 Available to work but not
6 seeking
Unemployment
4 9.0
2
6.0
0
-2 3.0
-4
Eurozone ULC Brent FX 0.0
Core Euro area Czech Hungary Poland Romania
Republic
Poland Hungary Romania Czech Rep.
26
