Gaetano D’Adamo; Rovelli, Riccardo - Departament d'Estructura Econòmica, Facultad de Economía - 2013
This paper studies the role of the exchange rate regime in the process of price convergence in Europe. During the last decade, a large strand of literature has flourished which studies the importance of the Balassa-Samuelson hypothesis in explaining nominal convergence. However, a general result...