Adriani, Fabrizio; Marini, Giancarlo; Scaramozzino, Pasquale - School of Economics, Finance and Management, University … - 2008
This paper examines the inflationary consequences of a currency changeover in the catering market. Empirical evidence from the Michelin Red Guide shows that: i) differently from restaurants in non-euro countries, restaurants in the euro area experienced abnormal price increases just after the...