Wang, Pengfei (contributor); Wen, Yi (contributor) - 2006 - Rev.
1 includes the EMU members and Group 2 includes the rest of the countries. The
results are summarized in Table 3. They … robust.11
Table 3. Correlation Statistics for EMU Members and Non-EMU Members
M0 M1 core
Group 1 0.17 (0.11) 0.09 (0 … relationship among the in�ation rates and the
11Since Sweden, Norway, and Austria did not join the EMU until 1996 and our data end …