Chen, Lein-Lein; Choi, Seungmook; Devereux, John - In: The Review of Economics and Statistics 90 (2008) 1, pp. 29-36
We compare price level and income convergence since 1870 for eleven developed economies using implicit price deflators derived from the GDP data of Maddison (1995, 2001, 2003). We find that "sigma" and "beta" convergence for prices occurs later and to a lesser extent than income. Price levels...
