developed here to test for unit roots in OECD panels of gross domestic products and inflation rates, yielding inference robust … to the `Great Moderation.' We find little evidence of trend stationarity, and mixed evidence regarding inflation …

In this paper, we present evidence on the statistical features of observed dispersion in inflation rates in the Euro … area. Our descriptive exercise shows that there is still a remarkable dispersion of HICP inflation rates and most of … dispersion originates in the non-traded categories of the HICP. We examine the determinants of inflation differentials in a panel …

, results obtained from panel estimation indicate that the degree of long run inflation persistence has converged. In line with … monetary policy reduces the persistence of inflation. Taking into account the fractional integration of inflation, we confirm … that inflation dynamics differed considerably across Euro area countries before the start of EMU. Since 1999, however …

We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … industrialized countries, our results confirm the inflation targets of about 2% set by many central banks. For non …-industrialized countries, we estimate that inflation hampers growth if it exceeds 17%. Below this threshold, however, the impact of inflation …

We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … industrialized countries, our results confirm the inflation targets of about 2% set by many central banks. For non …-industrialized countries, we estimate that inflation hampers growth if it exceeds 17%. Below this threshold, however, the impact of inflation …

This paper investigates the question of whether there exists evidence in support of inflation convergence within the … European Union. The analysis also focuses on whether the Exchange Rate Mechanism (ERM) helped to accelerate inflation … convergence in its member countries. The results of this paper are supportive of convergence. The countries which continuously …