The Share of European Economies in the Process of Convergence of Long-term Interest Rates in the EU in the Period of 2006–2016
Journal Title: Dynamic Econometric Models - Year 2016, Vol 16, Issue
Abstract
The paper refers to the process of convergence of interest rates of ten-year government bonds emitted by EU countries. It is an attempt to assess the participation of particular European economies in this process. The primary tools of analysis were panel models with fixed effects, including models that consider the links among economies, which are quantified by using a distance matrix between indicators of fiscal stability comprehended as the share of public debt in GDP. The idea of the so-called vertical convergence was used. The analysis was conducted on the basis of pooled time series and cross-sectional data for the 27 members of the EU in the period between January 2006 and November 2016.
Authors and Affiliations
Elzbieta Szulc, Karolina Górna, Dagna Wleklińska
Keywords
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- EP ID EP197297
- DOI 10.12775/11858
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