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Measuring macroeconomic convergence and divergence within EMU using long memory
This paper tests for convergence of EMU inflation rates and industrial production by testing for the existence of fractional cointegration relations. The notion of fractional cointegration allows for long-term equilibria with a higher degree of persistence than allowed for in the standard cointegrat...
| Autores principales: | , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer Berlin Heidelberg
2023
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10147371/ https://www.ncbi.nlm.nih.gov/pubmed/37361947 http://dx.doi.org/10.1007/s00181-023-02426-6 |