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Price convergence in euroland : evidence from micro data without noise
Meyer, Sophie-Charlotte; Schettkat, Ronald - 2013
narrower with the Euro than before. We observe Sigma and Beta convergence, i.e. prices do not differ systematically between …Analyzing prices of truly homogenous consumer goods sold in Euroland, we find significant price convergence after the … Euro cash changeover in 2002. The deviation of national log prices from the mean log price of the same product is much …
Persistent link: https://www.econbiz.de/10010191995
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Price Convergence in Euroland. Evidence from micro data without noise
Meyer, Sophie-Charlotte; Schettkat, Ronald - Universitätsbibliothek Wuppertal, University Library - 2013
narrower with the Euro than before. We observe Sigma and Beta convergence, i.e. prices do not differ systematically between …Analyzing prices of truly homogenous consumer goods sold in Euroland, we find significant price convergence after the … Euro cash changeover in 2002. The deviation of national log prices from the mean log price of the same product is much …
Persistent link: https://www.econbiz.de/10010857160
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Exchange rates and prices : evidence from the 2015 Swiss Franc appreciation
Auer, Raphael A.; Burstein, Ariel T.; Lein-Rupprecht, … - 2018
The removal of the lower bound on the EUR/CHF exchange rate in January 2015 provides a unique setting to study the implications of a large and sudden appreciation in an otherwise stable macroeconomic environment. Using transaction-level data on non-durable goods purchases by Swiss consumers, we...
Persistent link: https://www.econbiz.de/10011900831
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What to expect of the euro? Analysing price differences of individual products in Luxembourg and its surrounding regions
Mathä, Thomas - Central Bank of Luxembourg - 2003
Belgian-Luxembourg monetary association has the opposite effect. This result nurtures the hopes that the euro may be able to …
Persistent link: https://www.econbiz.de/10009276955
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Price Level Convergence, Relative Prices, and Inflation in Europe
Rogers, John H. - 2003
If price levels are initially different across the euro area, convergence to a common level of prices would imply that … between 1990 and 1999 prices did become less dispersed in the euro area. Convergence is especially evident for traded goods … euro area is now close to that across U.S. cities. Despite an on-going process of convergence, deviations from the law of …
Persistent link: https://www.econbiz.de/10014133094
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The law of one price : a case study
Haskel, Jonathan; Wolf, Holger C. - 2001
muted evidence for convergence over time. Such differences might be due to differences in local costs. If so, relative …
Persistent link: https://www.econbiz.de/10011398034
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On price-setting for identical products in markets without formal trade barriers
Hassink, Wolter H. J.; Schettkat, Ronald - 2001
This paper investigates price-setting for truly homogenous products sold in markets without any formal trade barriers. We use data from IKEA, a furniture company selling identical products in an identical shopping environment in different EU countries. We get four remarkable outcomes: 1) The law...
Persistent link: https://www.econbiz.de/10011402390
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Exchange Rates and Prices : Evidence from the 2015 Swiss Franc Appreciation
Auer, Raphael - 2019
The removal of the lower bound on the EUR/CHF exchange rate in January 2015 provides a unique setting to study the implications of a large and sudden appreciation in an otherwise stable macroeconomic environment. Using transaction-level data on non-durable goods purchases by Swiss consumers, we...
Persistent link: https://www.econbiz.de/10012896768
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Has the euro affected the choice of invoicing currency?
Ligthart, Jenny E.; Werner, Sebastian E. V. - 2010
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …
Persistent link: https://www.econbiz.de/10010275698
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Price convergence in the EMU? : evidence from micro data
Fischer, Christoph - 2009
convergence clusters can be identified but they are unrelated to EMU membership. -- Price convergence ; LOP ; euro introduction …The establishment of European monetary union (EMU) was widely expected to cause price convergence among member states … economically significant deviations from the LOP emerge. Log t tests firmly reject price convergence among EMU countries. Small …
Persistent link: https://www.econbiz.de/10003815486