Becker, Bettina; Hall, Stephen G. - In: Economic Modelling 26 (2009) 4, pp. 788-798
We present a common factor framework of convergence which we implement using principal components analysis. We apply this technique to a dataset of monthly inflation rates of EMU and the Eastern European New Member Countries (NMC) over 1996-2007. In the earlier years, the NMC rates moved...
