The main goal of this paper is to analyse the process of price convergence (beta and sigma convergence) in new EU … are employed for analyses of the process of price convergence. Both main concepts - sigma and beta convergence are covered … of sigma and beta convergence using macroeconomic data (comparative price levels for GDP) for twelve new EU Member States …

There are three possible price movements in a market economy: stability, inflation, and deflation. Inflation and … deflation have many asymmetric, and even some symmetric, effects. Both price phenomena are undesirable, but the consequences of ….e., to price stability. This is the main or one of the main goals of current central bank monetary policy in market economies …

theory? Third, what is the relationship between price levels and coefficient measuring differences in the structures of …This article attempts to answer a few open questions related to price convergence in the Czech Republic and in other …, what, from the theoretical viewpoint, should the quantitative relationship be between price level and GDP? Second, does the …

European Union. This observation led some commentators to conclude that there is price tension between the two economies and … that the CR?s entry into the EU will cause a price shock in the CR unless every effort is made to raise the CR …?s comparative price level in advance. This line of thinking wrongly assumes that the CR?s entry into the EU will necessarily …