This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of … effects are found in particular for goods with prices below one euro sold in mid-priced stores. The paper also finds that …

Is inflation persistence in the new EU Member States (NMS) comparable to that in the euro area countries? We argue that … mean deliver substantially higher persistence estimates for the NMS than for the euro area countries. Employing time …-varying mean leads to the reversal of this result and suggests similar or lower inflation persistence for the NMS compared to euro …

We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency … invoicing after the introduction of the euro, whereas the home currency share of non-eurozone countries fell slightly. In … addition, the euro as a vehicle currency has overtaken the role of the US dollar in Norwegian imports. The substantial rise in …

prices with respect to the euro area: productivity growth and increased trade openness. Productivity growth can have a … productivity growth a positive one on price level convergence with respect to the euro area …

States and the euro area. To sharpen our estimation, we include in the information set macro data and survey data on … inflation premia differs between the US and the euro area. Long term inflation premia are countercyclical in the euro area …

euro area, and investigates their linkages in a VAR framework, also allowing for the possible impact of the policy regime … of the euro and resulting in lower long-run uncertainty. It also appears that the direction of causality has been … reversed, and that in the euro period the Friedman-Ball link is empirically supported, consistently with the idea that the ECB …