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Despite the expectations of economists that the euro changeover would have no effect on prices, we show that European …
Persistent link: https://www.econbiz.de/10005094076
Despite the expectations of economists that the euro changeover would have no effect on prices, I show that European … euro-effect on prices. The data also suggest that this price growth is correlated with consumers’ ability to adapt to the …
Persistent link: https://www.econbiz.de/10005548032
Despite the expectations of economists that the euro changeover would have no effect on prices, we show that European …
Persistent link: https://www.econbiz.de/10005119445
Persistent link: https://www.econbiz.de/10010417154
This paper studies firms' price-setting decision during a currency changeover. Buyers' difficulties with the new nominal price level create incentives to raise prices temporarily but doing so comes at the risk of damaging a seller's reputation in the long run. We model firms' trade-off and study...
Persistent link: https://www.econbiz.de/10010534896
I explore the competitive effects of on-net/off-net differentiation in a market with two asymmetric networks by combining the literature on on-net/off-net differentiation with research on costly consumer search in an agent-based simulation model. All consumers in the market are subscribed to one...
Persistent link: https://www.econbiz.de/10011416583
postponed euro-adoption until 2020 without any explanation, which is one of the motivations of our analysis. We review the … arguments formulated in 2000-2004 regarding the adoption of the euro by the profession, as well as the declarations and actual … policies pursued by successive governments during the 2000-s. The study discusses the crisis within the euro area, the …
Persistent link: https://www.econbiz.de/10009521086
There are many studies aiming at estimation of aggregate trade effects of the euro adoption by the old EU countries … the impact of the common currency on the cost of exporting. There are only few studies analyzing implications of euro …
Persistent link: https://www.econbiz.de/10013057164
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 changeover, ii) among restaurants in the euro area, tourist restaurants are …
Persistent link: https://www.econbiz.de/10005022151
We test whether and how the adoption of the euro, narrowly defined as the end of competitive devaluations, has affected … euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption, productivity … the adoption of the euro. Restructuring has entailed a shift of business focus from production to upstream and downstream …
Persistent link: https://www.econbiz.de/10014199895