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Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro … inflation using unit labour cost (ULC) growth and applying PANIC (Bai and Ng, 2004) and cluster procedures (Hobijn and Franses …
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The aim of the present article is to analyze the convergence of regional inflation rates in Turkey from 2004 to 2015 by … adopting a distribution dynamics approach, namely discrete time Markovian chains. Convergence across regional inflation rates … is politically a crucial matter for two reasons. First, if inflation rates differ largely between regions, monetary …
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