fiscal convergence criteria written into the Treaty of Maastricht and its Protocols. In order to qualify for full membership …

This paper offers new tests of the `convergence hypothesis'. It first analyses the pattern of growth of measured inputs … is led to reject the convergence theory. In order to understand what lies at the heart of this discrepancy, the paper … school enrolments (or the UN-conditional convergence of the stock of measured inputs would not hold), but because the law of …

capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD …

average. For the majority of our sample countries we obtain evidence of real interest rate convergence towards the latter …. Convergence, however, is a gradual process subject to structural breaks, typically falling close to the launch of the euro. Our …

We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional …