Busetti, Fabio; Forni, Lorenzo; Harvey, Andrew C.; … - 2006
growth than others would experience a depreciation of the
real exchange rate and thus a gain in trade competitiveness. Part … competitiveness; see for example European Central Bank
(2003). Still, part of the di erences in in
ation could be due to country
1The … that, overall, Eu-
ropean in
ation rates appeared to be absolutely converging in the pre-euro
subsample 1980.1-1997.12.
4 …