A Short History of Price Level Convergence in Europe
| العنوان: | A Short History of Price Level Convergence in Europe |
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| المؤلفون: | Ad Stokman, Riemer P. Faber |
| المساهمون: | Erasmus School of Economics |
| المصدر: | Journal of Money, Credit, and Banking, 41(2-3), 461-477. Wiley-Blackwell |
| بيانات النشر: | Wiley-Blackwell, 2009. |
| سنة النشر: | 2009 |
| مصطلحات موضوعية: | Producer price index, Volume-weighted average price, Wholesale price index, Macroeconomics, Economics and Econometrics, Mid price, Price controls, Exchange rate, Accounting, Econometrics, Economics, Price level, Finance, Limit price |
| الوصف: | We study the evolution of price level dispersion in Europe by combining time-series information on harmonized indices of consumer prices (HICPs) with occasional observations of absolute price levels. We find that European price levels converged over much of the last 40 to 50 years. In the United States, our benchmark, price level dispersion is more or less stable. A back-of-the-envelope calculation suggests that indirect tax rate harmonization, convergence of nontraded input costs, and convergence of traded input costs (in the form of exchange rate stability and increased openness) are all important in explaining European price level convergence. |
| اللغة: | English |
| تدمد: | 1538-4616 0022-2879 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3fb3e7eefce17987eabf51b398c26f0a https://pure.eur.nl/en/publications/079e833c-be30-4982-b41c-a471bde8b345 |
| حقوق: | CLOSED |
| رقم الأكسشن: | edsair.doi.dedup.....3fb3e7eefce17987eabf51b398c26f0a |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 15384616 00222879 |
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