Abstract:
Convergence in inflation rates may not imply a process of convergence in price levels. If this were the case in the European Union, small but consistent differences in inflation would lead to inevitable realignments and would end up in a set back of the inflation convergence process. For some countries in the ancient European Community we investigate such process by using time series analysis techniques.
Keywords:COINTEGRATION; PRICES (search for similar items in EconPapers) JEL-codes:C32E31F40 (search for similar items in EconPapers) Date: 1998
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