- Treffer 1 von 1
Inflation convergence after the introduction of the Euro
- Using the Johansen test for cointegration, we examine to which extent inflation rates in the Euro area have converged after the introduction of a single currency. Since the assumption of non-stationary variables represents the pivotal point in cointegration analyses we pay special attention to the appropriate identification of non-stationary inflation rates by the application of six different unit root tests. We compare two periods, the first ranging from 1993 to 1998 and the second from 1993 to 2002 with monthly observations. The Johansen test only finds partial convergence for the former period and no convergence for the latter.
| Verfasserangaben: | Markus Mentz, Steffen P. Sebastian |
|---|---|
| URN: | urn:nbn:de:hebis:30-10351 |
| Titel des übergeordneten Werkes (Deutsch): | Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2003,30 |
| Schriftenreihe (Bandnummer): | CFS working paper series (2003, 30) |
| Dokumentart: | Arbeitspapier |
| Sprache: | Englisch |
| Jahr der Fertigstellung: | 2003 |
| Jahr der Erstveröffentlichung: | 2003 |
| Veröffentlichende Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Datum der Freischaltung: | 13.06.2005 |
| Freies Schlagwort / Tag: | Cointegration; Inflation convergence; Unit root |
| GND-Schlagwort: | Europäische Union; Inflationsrate; Währungsunion; Inflation |
| Ausgabe / Heft: | October 2003 |
| HeBIS-PPN: | 210680563 |
| Institute: | Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) |
| DDC-Klassifikation: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| JEL-Klassifikation: | C Mathematical and Quantitative Methods / C3 Multiple or Simultaneous Equation Models / C32 Time-Series Models; Dynamic Quantile Regressions (Updated!) |
| Lizenz (Deutsch): |  Deutsches Urheberrecht |
