Are Price Dynamics Homogenous across Emerging Europe? Empirical Evidence from Panel Data
Monetary Policy in the Context of the Financial Crisis: New Challenges and Lessons
ISBN: 978-1-78441-780-2, eISBN: 978-1-78441-779-6
Publication date: 1 July 2015
Abstract
The aim of this chapter is to explore whether price dynamics is homogenous across Emerging Europe. We employ dynamic panel estimation techniques (including the Pooled Mean Group estimator of Pesaran, Smith, and Shin) over the 2003–2013 period and use Germany, and respectively, the European Union (EU) as the references. Results highlight some heterogeneity across the Emerging Europe members in terms of price convergence speed. Findings are robust across different specifications.
Keywords
Citation
Matei, I. (2015), "Are Price Dynamics Homogenous across Emerging Europe? Empirical Evidence from Panel Data", Monetary Policy in the Context of the Financial Crisis: New Challenges and Lessons (International Symposia in Economic Theory and Econometrics, Vol. 24), Emerald Group Publishing Limited, Leeds, pp. 41-50. https://doi.org/10.1108/S1571-038620150000024015
Publisher
:Emerald Group Publishing Limited
Copyright © 2015 Emerald Group Publishing Limited