D'Adamo, Gaetano; Rovelli, Riccardo - 2013
studies, however, the potential role of the exchange rate regime in affecting price convergence in Europe has been overlooked …. In this respect, we claim that the choice of the exchange rate regime has decisively affected the path of nominal … convergence. To show this, we first model the (endogenous) choice of the exchange rate regime and, in a second stage, estimate a B …