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Author:Camarero, M.
Esteve, V.
Tamarit, C.
Title:Price convergence of peripheral European countries on the way to the EMU: a time series approach
Journal:Empirical Economics
2000 : VOL. 25:1, p. 149-168
Index terms:EMPIRICAL RESEARCH
ECONOMICS
PRICES
Language:eng
Abstract:This paper examines price and inflation convergence between three European countries (Italy, Spain, and the UK) and a European average and, alternatively, between them and Germany from the beginning of the 80's. For this purpose the long-run stochastic relationships on prices derived from the convergence criteria agreed in the Maastricht Treaty are analyzed. In order to do this, some recent unit root tests have been applied as well as time-varying parameters models.
SCIMA record nr: 213825
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