@article{2979983,
    title = "Inflation targeting and inflation convergence: International evidence",
    author = "Arestis, P. and Chortareas, G. and Magkonis, G. and Moschos, D.",
    journal = "Journal of International Financial Markets, Institutions and Money",
    year = "2014",
    volume = "31",
    number = "1",
    pages = "285-295",
    publisher = "ELSEVIER BV",
    issn = "1042-4431",
    doi = "10.1016/j.intfin.2014.04.002",
    abstract = "We examine whether the inflation rates of the countries that pursue inflation targeting policies have converged as opposed to the experience of the OECD non-inflation targeters. Using a methodology introduced by Pesaran (2007a), we examine the stationarity properties of the inflation differentials. This approach has the advantage of avoiding setting arbitrarily a specific country as the benchmark economy. Our results indicate that the inflation rates converge irrespective of the monetary policy framework. © 2014 Elsevier B.V."
}