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dc.contributor.authorFischer, Christophen_US
dc.date.accessioned2009-01-28T16:01:59Z-
dc.date.available2009-01-28T16:01:59Z-
dc.date.issued2007en_US
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_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2007,08en_US
dc.subject.jelE31en_US
dc.subject.jelF36en_US
dc.subject.jelF31en_US
dc.subject.ddc330en_US
dc.subject.keywordPrice competitivenessen_US
dc.subject.keywordEMUen_US
dc.subject.keywordpurchasing power parityen_US
dc.subject.keywordproductivity approachen_US
dc.subject.keywordpanel unit root testsen_US
dc.subject.keywordpanel cointegrationen_US
dc.subject.stwPreiswettbewerben_US
dc.subject.stwInternationaler Wettbewerben_US
dc.subject.stwKaufkraftparitäten_US
dc.subject.stwEntwicklungskonvergenzen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwSchätzungen_US
dc.subject.stwEU-Staatenen_US
dc.titleAn assessment of the trends in international price competitiveness among EMU countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn529225247en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:5572-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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