Cihak, Martin; Holub, Tomas - In: Economie Internationale (2005) 102, pp. 59-82
The authors analyse price convergence in new EU countries. They estimate the price level elasticity with respect to the GDP in PPP to be 0.7–0.9 percent. They also analyse additional sources of price level convergence, such as terms-of-trade changes or price deregulation. The average speed of...