Šmídková, Kateøina - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 6, pp. 376-387
faster growth that real convergence necessitates is usually associated with higher inflation. This paper argues that it is … important to focus on the mechanism of real convergence in this regard. If economic growth is accelerated by virtue of the … closing of a technology gap, the processes of nominal and real convergence can indeed be compatible. In order to analyze this …