Angeloni, Ignazio (contributor); … - 2004
potentially at play: 1) a convergence from initially different
price and productivity levels; 2) nation-specific cyclical factors …. Others (e.g. Sinn and Reutter, 2001) have focused instead on the convergence process from initially
different price or … convergence process, although we do not focus on it.
5
Throughout the paper we retain the assumption that the euro area is a …