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Price convergence of peripheral European countries on the way to the EMU: A time series approach

Author

Listed:
  • Miriam Camarero

    () (Departamento de EconomÎa, Campus del Riu Sec, Jaume I University, E-12080 CastellÕn, Spain Wharton School, University of Pennsylvania, Philadelphia, PA 19104, USA Facultad de Ciencas EconÕmicas y Empresariales, Departamento de Economi´a Aplicada II, Universidad de Valencia, Apartado Oficial 22006, E-46071 Valencia, Spain)

  • Vicente Esteve

    () (Departamento de EconomÎa, Campus del Riu Sec, Jaume I University, E-12080 CastellÕn, Spain Wharton School, University of Pennsylvania, Philadelphia, PA 19104, USA Facultad de Ciencas EconÕmicas y Empresariales, Departamento de Economi´a Aplicada II, Universidad de Valencia, Apartado Oficial 22006, E-46071 Valencia, Spain)

  • Cecilio Tamarit

    () (Departamento de EconomÎa, Campus del Riu Sec, Jaume I University, E-12080 CastellÕn, Spain Wharton School, University of Pennsylvania, Philadelphia, PA 19104, USA Facultad de Ciencas EconÕmicas y Empresariales, Departamento de Economi´a Aplicada II, Universidad de Valencia, Apartado Oficial 22006, E-46071 Valencia, Spain)

Abstract

This paper examines price and inflation convergence between three European countries (Italy, Spain and the U.K.) and a European average and, alternatively, between them and Germany from the beginning of the 80's.

Suggested Citation

  • Miriam Camarero & Vicente Esteve & Cecilio Tamarit, 2000. "Price convergence of peripheral European countries on the way to the EMU: A time series approach," Empirical Economics, Springer, vol. 25(1), pages 149-168.
  • Handle: RePEc:spr:empeco:v:25:y:2000:i:1:p:149-168
    Note: received: March 1997/final version received: May 1999
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    Cited by:

    1. Salvador Gil-Pareja & Simon Sosvilla-Rivero, 2007. "Price convergence in the European car market," Applied Economics, Taylor & Francis Journals, vol. 40(2), pages 241-250.
    2. Salvador Gil-Pareja & Simón Sosvilla-Rivero, 2004. "Export market integration in the European Union," Journal of Applied Economics, Universidad del CEMA, vol. 7, pages 271-301, November.
    3. Georgios P. Kouretas & Mark E. Wohar, 2012. "The dynamics of inflation: a study of a large number of countries," Applied Economics, Taylor & Francis Journals, vol. 44(16), pages 2001-2026, June.
    4. Hiranya Nath & Kiril Tochkov, 2011. "Relative Inflation in the EU Accession Countries of Central and Eastern Europe," Working Papers 201105, Texas Christian University, Department of Economics.
    5. Guerreiro, David & Mignon, Valérie, 2013. "On price convergence in Eurozone," Economic Modelling, Elsevier, vol. 34(C), pages 42-51.
    6. Çiçek, Serkan & Akar, Cüneyt, 2013. "The asymmetry of inflation adjustment in Turkey," Economic Modelling, Elsevier, vol. 31(C), pages 104-118.
    7. Jan Bentzen & Tor Eriksson & Valdemar Smith, 2001. "Alcohol Consumption in European Countries Time series based tests of convergence," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 60, pages 59-74.
    8. Dixit, Avinash, 2001. "Games of monetary and fiscal interactions in the EMU," European Economic Review, Elsevier, vol. 45(4-6), pages 589-613, May.
    9. Bulir, Ales & Hurnik, Jaromir, 2006. "The Maastricht inflation criterion: How unpleasant is purgatory?," Economic Systems, Elsevier, vol. 30(4), pages 385-404, December.
    10. Bentzen, Jan, 2003. "An empirical analysis of gasoline price convergence for 20 OECD countries," Working Papers 03-19, University of Aarhus, Aarhus School of Business, Department of Economics.
    11. Ales Bulir & Jaromir Hurnik, 2006. "The Maastricht Inflation Criterion: "Saints" and "Sinners"," Working Papers 2006/8, Czech National Bank, Research Department.
    12. Hiranya Nath & Kiril Tochkov, 2013. "Relative inflation dynamics in the new EU member countries of Central and Eastern Europe," Empirical Economics, Springer, vol. 45(1), pages 1-22, August.
    13. Chien-Chiang Lee & Chun-Ping Chang, 2007. "Mean reversion of inflation rates in 19 OECD countries: Evidence from panel Lm unit root tests with structural breaks," Economics Bulletin, AccessEcon, vol. 3(23), pages 1-15.
    14. Bentzen, Jan & Smith, Valdemar, 2003. "Regional income convergence in the Scandinavian countries," Working Papers 03-20, University of Aarhus, Aarhus School of Business, Department of Economics.
    15. repec:ebl:ecbull:v:3:y:2007:i:23:p:1-15 is not listed on IDEAS
    16. Tsong, Ching-Chuan & Lee, Cheng-Feng, 2011. "Asymmetric inflation dynamics: Evidence from quantile regression analysis," Journal of Macroeconomics, Elsevier, vol. 33(4), pages 668-680.
    17. Robert Garnett & Lisa Vanderlinden, 2011. "Reflexive Pedagogy: Disciplinary Idioms as Resources for Teaching," Working Papers 201106, Texas Christian University, Department of Economics.
    18. Consuelo Gámez Amián & Amalia Morales Zumaquero., 2002. "Complete or Partial Inflation Convergence in the EU?," Economic Working Papers at Centro de Estudios Andaluces E2002/09, Centro de Estudios Andaluces.
    19. Lee, Chien-Chiang & Chang, Chun-Ping, 2009. "Stochastic convergence of per capita carbon dioxide emissions and multiple structural breaks in OECD countries," Economic Modelling, Elsevier, vol. 26(6), pages 1375-1381, November.

    More about this item

    Keywords

    Nominal convergence; unit root; cointegration; time-varying parameters;

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F15 - International Economics - - Trade - - - Economic Integration

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