Lopez, Claude; Papell, David - Volkswirtschaftliche Fakultät, … - 2010
and when group convergence dictated by the Maastricht treaty occurs, and we assess the impact of events such as the advent … that increases the power of panel unit root tests when used to study group-wise convergence. Applying this new procedure to … Euro Area inflation, we find strong and lasting evidence of convergence among the inflation rates soon after the …