Economics, Econometrics and Finance
6 years ago

Inflation convergence speeds up in EU, benefiting new member states.

Applied Economics Quarterly
Testing for Inflation Convergence Among European Union Countries: A Panel Approach
Maria Tsafa-Karakatsanidou, Stilianos Fountas

Paper Summary

The article tests for inflation convergence among 24 European Union countries using panel unit root and stationarity tests. The results show that there is inflation convergence in all panels studied. New member states are converging faster than core and old member states.

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