Did the EMS encourage inflation convergence?

  1. Montuenga-Gómez, V.M. 1
  1. 1 Universidad de La Rioja
    info

    Universidad de La Rioja

    Logroño, España

    ROR https://ror.org/0553yr311

Journal:
International Advances in Economic Research

ISSN: 1083-0898

Year of publication: 2002

Volume: 8

Issue: 2

Pages: 119-127

Type: Article

SCOPUS: 2-s2.0-33744816758 GOOGLE SCHOLAR

More publications in: International Advances in Economic Research

Institutional repository: lock_openOpen access Editor

Abstract

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).