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We use consumer price data for 81 European cities (in Germany, Austria, Finland, Italy, Spain, Portugal and Switzerland … disaggregated consumer price index (CPI) data we confirm previous results which showed that the distance between European cities …, but distance and border still matter for intra-European relative price volatility. …
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's introduction. These results contradict previous claims on the impact of the common currency on house price synchronization …
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by the elimination of the exchange rate as a source of shocks, in combination with faster adjustment in national price … relative price adjustment …
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