Did the EMS encourage inflation convergence?
-
1
Universidad de La Rioja
info
ISSN: 1083-0898
Datum der Publikation: 2002
Ausgabe: 8
Nummer: 2
Seiten: 119-127
Art: Artikel
Andere Publikationen in: International Advances in Economic Research
Zusammenfassung
This paper studies the convergence of inflation rates over the period of 1983-93 for some countries within the European Monetary System. Three different price indices are considered for consumer goods, services, and industrial products. This study focuses on the difference between core and peripheral countries for measuring convergence speed. By using ß- and σ-convergence tools, as previously identified in studies on output growth convergence, it was found that the convergence process did not evolve equally whether considered through price indices, time, or countries. (JEL E31, C31, C32, 052).