Lopez, C.; Papell, David H. - Banque de France - 2011
group convergence initially dictated by the Maastricht treaty and now by the ECB, occurs. We also assess the impact of … propose a new procedure 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 …