Bastianin, Andrea; Galeotti, Marzio; Polo, Michele - 2018
pairwise, relative and σ-convergence. We show that there is evidence of pairwise price convergence and that some key … of price-growth convergence, while price-level convergence is not supported by the data. Lastly, we assess the the short …-run implications of price convergence focusing on the speed of reversion to equilibrium after a system-wide shocks hits the …
