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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 USA and Germany

Dullien, Sebastian; Fritsche, Ulrich - In: International economics and economic policy : IEEP 5 (2008) 3, pp. 269-295

Persistent link: https://www.econbiz.de/10003794268

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 (contributor); … - 2007

Using unit labor cost (ULC) data from Euro area countries as well as US States and German La͏̈nder 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...

Persistent link: https://www.econbiz.de/10003439998

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