To read this content please select one of the options below:

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