Hoarau, Jean-Francois; Blancard, Stephane; Jean-Pierre, … - In: Applied Economics Letters 16 (2009) 11, pp. 1171-1174
Inflation convergence between the Central American Area and the United States is investigated using both recent homogeneous and heterogeneous panel data unit-root methods. Strong rejections of unit-root hypothesis are found, and therefore evidence of Purchasing Power Parity, in the Central...