Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19685 
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dc.contributor.authorFischer, Christophen
dc.date.accessioned2009-01-28T16:01:59Z-
dc.date.available2009-01-28T16:01:59Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/19685-
dc.description.abstractInflation differentials within European Monetary Union (EMU) are increasingly seen as exerting adverse effects on the price competitiveness of member countries' firms and – given the common monetary policy within EMU – as being detrimental to euro-area economies, in particular to those with relatively high inflation rates. Using three simple measures of international price competitiveness for EMU countries, the paper analyses whether these indicators have displayed distinctive trends since the start of EMU and whether they converge with or diverge from their respective fundamental value. It is found that all three indicators suggest a gain in competitiveness for the German economy and a corresponding loss for Italy, Portugal and Spain. Two of the indicators, however, suggest that these trends reduce former disparities and, thus, contribute to a convergence of competitiveness within EMU while the third would imply the opposite.en
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2007,08en
dc.subject.jelE31en
dc.subject.jelF36en
dc.subject.jelF31en
dc.subject.ddc330en
dc.subject.keywordPrice competitivenessen
dc.subject.keywordEMUen
dc.subject.keywordpurchasing power parityen
dc.subject.keywordproductivity approachen
dc.subject.keywordpanel unit root testsen
dc.subject.keywordpanel cointegrationen
dc.subject.stwPreiswettbewerben
dc.subject.stwInternationaler Wettbewerben
dc.subject.stwKaufkraftparitäten
dc.subject.stwEntwicklungskonvergenzen
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen
dc.subject.stwSchätzungen
dc.subject.stwEU-Staatenen
dc.titleAn assessment of the trends in international price competitiveness among EMU countries-
dc.typeWorking Paperen
dc.identifier.ppn529225247en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:5572en

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