RDP 2004-04: Inflation Convergence Across Countries Equation (1)

{\bar{π}}_{i}^{p o s t} - {\bar{π}}_{i}^{p r e} = α_{0} + β_{1} {\bar{π}}_{i}^{p r e} + β_{2} I T D u m m y_{i} + ε_{i}