Özet:

The aim of the study is to examine the existence of inflation approximation between 1999-2018 for the 19 Euro region country. Method - The presence of approximation is analyzed by panel unit root test by the help of the annual exchange data in the 1999-2018 consumer price index for the Eurozone countries. The study first examined the existence of horizontal cut dependency in the series. Later, the Hadri-Kurozumi (2012) panel unit root test was applied from the second generation unit root tests. Results - Zero hypothesis that suggests that the inflation series is stable according to the test results is accepted. Therefore, the series does not contain root units. Thus, in the analysis period, the conclusion was achieved that inflation was close between the group of countries chosen. Debate - The study found that inflation rates were closer to each other during the analysis period for the 19 euro area country. The transition to the common currency has played an important role in the achievement of the proximity for the member countries.

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