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http://hdl.handle.net/10419/27660
  

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DC FieldValueLanguage
dc.contributor.authorFischer, Christophen_US
dc.coverage.temporal1995-2005en_US
dc.date.accessioned2009-08-12T07:30:14Z-
dc.date.available2009-08-12T07:30:14Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/27660-
dc.description.abstractThe establishment of European monetary union (EMU) was widely expected to cause price convergence among member states. In an investigation of this claim, the present study avoids problems of comparability and representativeness by using an extremely detailed and comprehensive scanner database on washing machine prices and sales volumes for 17 European countries. A hedonic regression yields country-specific time series for quality-adjusted price differentials. Statistically and economically significant deviations from the LOP emerge. Log t tests firmly reject price convergence among EMU countries. Small convergence clusters can be identified but they are unrelated to EMU membership.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2009,06en_US
dc.subject.jelE31en_US
dc.subject.jelF31en_US
dc.subject.jelF36en_US
dc.subject.jelC23en_US
dc.subject.jelL68en_US
dc.subject.ddc330en_US
dc.subject.keywordprice convergenceen_US
dc.subject.keywordLOPen_US
dc.subject.keywordeuro introductionen_US
dc.subject.keywordlog t testen_US
dc.subject.keywordhedonic price regressionen_US
dc.subject.keywordscanner dataen_US
dc.subject.stwInternationaler Preiszusammenhangen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwHedonischer Preisen_US
dc.subject.stwWaschmaschineen_US
dc.subject.stwStatistischer Testen_US
dc.subject.stwEU-Staatenen_US
dc.titlePrice convergence in the EMU? Evidence from micro dataen_US
dc.typeWorking Paperen_US
dc.identifier.ppn594329205en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:7575-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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