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The Impact Of Economic Crisis On Inflation Convergence In The European Union. A Panel Data Approach

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  • Mihaela Simionescu

    (Institute for Economic Forecasting of the Romanian Academy)

Abstract

The aim of this research is to assess the convergence rate of the inflation in European Union 28 (EU-28) and to evaluate the impact of recent economic crisis on the convergence process in inflation. Therefore, a panel data approach was used, the unit root tests for stationary indicating enough evidence for convergence in the period from 2002 to 2013. However, a decline in the convergence process was observed during the economic crisis(2008-2013) compared to the previous period of the same length (2002-2007), the convergence rate decreasing with 3.98 percentage points.

Suggested Citation

  • Mihaela Simionescu, 2015. "The Impact Of Economic Crisis On Inflation Convergence In The European Union. A Panel Data Approach," Journal Articles, Center For Economic Analyses, pages 37-46, June.
    • Handle: RePEc:cmk:journl:y:2015:p:37-46
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    References listed on IDEAS

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