analyzes the price gap between Austria and its major trading partners Germany and Italy. Within the euro area (the 11 founder … members), price level convergence has been found to have occurred primarily in the run-up to the launch of euro banknotes and …-visual, photographic and information processing equipment, did price levels continue to converge across the euro area countries also after …

This paper documents that the impact of the euro changeover in January 2002 on prices was not uniform across the 12 …

above those for the other two fuels. The significance of this work rests on the fact that, in market economies, prices … provide the fundamental signals needed for efficient resource allocation. Although market prices often fail to fully account …