Inflation Convergence Within the European Union: A Panel Data Analysis

Evžen Kočenda and David Papell

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates the question of whether there exists evidence in support of inflation convergence within the European Union. The analysis also focuses on whether the Exchange Rate Mechanism (ERM) helped to accelerate inflation convergence in its member countries. The results of this paper are supportive of convergence. The countries which continuously participated in the narrow ERM bands show a dramatically higher convergence rate during the period following establishment of the mechanism.

Keywords: inflation differential; convergence; panel data; stationarity; exchange rates (search for similar items in EconPapers)
JEL-codes: C15 C23 E31 (search for similar items in EconPapers)
Date: 1996-09
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Citations: View citations in EconPapers (2)

Published in International Journal of Finance and Economics 3.2(1997): pp. 189-198

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Related works:
Journal Article: Inflation Convergence within the European Union: A Panel Data Analysis (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:70509

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