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Does the dispersion of unit labor cost dynamics in the EMU imply long-run divergence? : results from a comparison with the United States of America and Germany
Dullien, Sebastian; Fritsche, Ulrich - 2007
Using unit labor cost (ULC) data from Euro area countries as well as US States and German Länder we investigate inflation convergence using different approaches, namely panel unit root tests, cointegration tests and error-correction models. All in all we cannot reject convergence of ULC growth...
Persistent link: https://www.econbiz.de/10010426361
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Does the Dispersion of Unit Labor Cost Dynamics in the EMU Imply Long-run Divergence? Results from a Comparison with the United States of America and Germany
Dullien, Sebastian; Fritsche, Ulrich - 2007
Using unit labor cost (ULC) data from Euro area countries as well as US States and German L¨ander we investigate inflation convergence using different approaches, namely panel unit root tests, cointegration tests and error-correction models. All in all we cannot reject convergence of ULC growth...
Persistent link: https://www.econbiz.de/10010260904
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Anhaltende Divergenz der Lohnstückkostenentwicklung im Euroraum problematisch
Dullien, Sebastian; Fritsche, Ulrich - In: DIW Wochenbericht 74 (2007) 22, pp. 349-357
Vergleich der nationalen Differenzierungen im Euroraum mit regionalen Entwicklungen in den beiden "Währungsräumen" USA und … nach als entsprechende regionale Divergenzen in den USA oder in Westdeutschland. Das dauerhafte Auseinanderlaufen …
Persistent link: https://www.econbiz.de/10011601730
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Anhaltende Divergenz bei Inflations- und Lohnentwicklung in der Eurozone: Gefahr für die Währungsunion?
Dullien, Sebastian; Fritsche, Ulrich - In: Vierteljahrshefte zur Wirtschaftsforschung 76 (2007) 4, pp. 56-76
. To investigate a control group, we present results for unit labour cost dynamics in (West) Germany's Länder and the …
Persistent link: https://www.econbiz.de/10010377812