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Deutsche Bundesbank, Forschungszentrum, Frankfurt am Main >
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/27660
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Fischer, Christoph | | en_US |
| dc.coverage.temporal | | 1995-2005 | | en_US |
| dc.date.accessioned | | 2009-08-12T07:30:14Z | | - |
| dc.date.available | | 2009-08-12T07:30:14Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/27660 | | - |
| dc.description.abstract | | The 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.iso | | eng | | en_US |
| dc.relation.ispartofseries | | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2009,06 | | en_US |
| dc.subject.jel | | E31 | | en_US |
| dc.subject.jel | | F31 | | en_US |
| dc.subject.jel | | F36 | | en_US |
| dc.subject.jel | | C23 | | en_US |
| dc.subject.jel | | L68 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | price convergence | | en_US |
| dc.subject.keyword | | LOP | | en_US |
| dc.subject.keyword | | euro introduction | | en_US |
| dc.subject.keyword | | log t test | | en_US |
| dc.subject.keyword | | hedonic price regression | | en_US |
| dc.subject.keyword | | scanner data | | en_US |
| dc.subject.stw | | Internationaler Preiszusammenhang | | en_US |
| dc.subject.stw | | Europäische Wirtschafts- und Währungsunion | | en_US |
| dc.subject.stw | | Hedonischer Preis | | en_US |
| dc.subject.stw | | Waschmaschine | | en_US |
| dc.subject.stw | | Statistischer Test | | en_US |
| dc.subject.stw | | EU-Staaten | | en_US |
| dc.title | | Price convergence in the EMU? Evidence from micro data | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 594329205 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| dc.identifier.repec | | RePEc:zbw:bubdp1:7575 | | - |
| Appears in Collections: | | Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank
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