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dc.contributor.authorFischer, Christophen
dc.date.accessioned2009-08-12T07:30:14Z-
dc.date.available2009-08-12T07:30:14Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2009,06en
dc.subject.jelE31en
dc.subject.jelF31en
dc.subject.jelF36en
dc.subject.jelC23en
dc.subject.jelL68en
dc.subject.ddc330en
dc.subject.keywordprice convergenceen
dc.subject.keywordLOPen
dc.subject.keywordeuro introductionen
dc.subject.keywordlog t testen
dc.subject.keywordhedonic price regressionen
dc.subject.keywordscanner dataen
dc.subject.stwInternationaler Preiszusammenhangen
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen
dc.subject.stwHedonischer Preisen
dc.subject.stwWaschmaschineen
dc.subject.stwStatistischer Testen
dc.subject.stwEU-Staatenen
dc.titlePrice convergence in the EMU? Evidence from micro data-
dc.typeWorking Paperen
dc.identifier.ppn594329205en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:7575en

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