Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/154165 
Year of Publication: 
2014
Series/Report no.: 
ECB Working Paper No. 1732
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
This paper studies euro changeover-related inflation using disaggregated price level data. The difference-in-differences approach is used and the control group for the treatment country, Estonia, is built from 12 euro area countries. The Nielsen Company disaggregated price data are employed at product, brand and shop-type level. The results indicate that while the overall inflationary effect of euro adoption was modest, the effects were significantly different across various market segments. Changeover-related inflation was higher for products that were relatively cheaper than the euro area average. Inflationary effects were stronger in smaller shops.
Subjects: 
consumer behaviour
currency changeovers
euro
market concentration
JEL: 
D49
P46
E58
ISBN: 
978-92-899-1140-5
Document Type: 
Working Paper

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