introduces in the results. Our approach permits the estimation of different convergence rates to different steady states for each …We study the issue of income convergence across countries and regions with a Bayesian model which allows us to use … information in an efficient and flexible way. We argue that the very slow convergence rates to a common level of per-capita income …

Recent estimates of convergence equations using panel data techniques tend to produce theoretically unpalatable results … Spanish regions, it is found that explicitly allowing for short-term noise reduces the estimated convergence rate to values …

. In this study we considered two main themes. First, convergence of the current EU-member countries is empirically tested …

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 …

. The model includes equations for GDP, inflation, interest rates and non-oil commodity prices. GDP and inflation reflect …