This paper contributes to the literature on convergence of prices in Europe by investigating the existence of stochastic and deterministic convergence of car prices in the EU15 countries over the period 1993-2008. For that purpose, we conduct unit root testing by employing the recently developed...

A growing body of empirical work has found evidence of a decline in exchange rate pass-through to import prices in a number of industrial countries. Our paper complements this work by examining pass-through from the other side of the transaction; that is, we assess the exchange rate sensitivity...

In this paper we investigate the link between inflation and relative price variability, and the impact of structural changes in the behavior of inflation using a half-a-century long disaggregated data. Employing panel data techniques to control for aggregate shocks, we show that: 1) the effect...

We study the effect of economic openness on domestic prices by linking the quantity theory of money (QTM) with purchasing power parity (PPP). Our model pertains to long run domestic price movements, and shows that economic openness has a negative relation with QTM and a positive relation with...

The establishment of European monetary union (EMU) was widely expected to cause price convergence among member states. In an investigation of this claim, the present study avoids problems of comparability and representativeness by using an extremely detailed and comprehensive scanner database on...

The establishment of European monetary union (EMU) was widely expected to cause price convergence among member states. In an investigation of this claim, the present study avoids problems of comparability and representativeness by using an extremely detailed and comprehensive scanner database on...

This study tests intercity price convergence in Pakistan using monthly panel data on the prices of fifteen commodities and services for ten major cities of Pakistan viz Islamabad, Karachi, Lahore, Peshawar, Faisalabad, Multan, Mardan, Hyderabad, Quetta and Khuzdar for the period January 2000 to...

The establishment of European monetary union (EMU) was widely expected to cause price convergence among member states. In an investigation of this claim, the present study avoids problems of comparability and representativeness by using an extremely detailed and comprehensive scanner database on...

The establishment of the European Monetary Union (EMU) was widely expected to cause price convergence among member states. In an investigation of this claim, the present study avoids problems of comparability and representativeness by using an extremely detailed and comprehensive scanner...