This paper examines the current state of price convergence amongst the eleven initial EMU member states. Special … attention is given to possible changes in the convergence process during the euro cash changeover. We apply the convergence … kernel-density estimates. We find that convergence took place before 2000, slowed down substantially between 2000 and 2003 …

area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of … are much less important in explaining the variance of ULC growth. We report evidence for convergence clusters in all …

Analyzing prices of truly homogenous consumer goods sold in Euroland, we find significant price convergence after the … narrower with the Euro than before. We observe Sigma and Beta convergence, i.e. prices do not differ systematically between … countries. Our result is in contrast to some other findings stating divergence rather than convergence but which do not control …

This paper studies the convergence of per-capita GDP across European regions over a fairly long period. Most of the … works in the field are based on either cross-sectional or fixed-effects estimates. We propose the estimation of convergence … in per-capita GDP across European regions by making use of panel-data models extended to include spatial error …