Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259888 
Year of Publication: 
2004
Series/Report no.: 
Working Paper No. 2004:16
Publisher: 
Lund University, School of Economics and Management, Department of Economics, Lund
Abstract: 
Price levels differ considerably between the member states of the EU. This paper examines what causes these price differences. Disaggregated price level indexes for 13 capital cities in the EU are used in order to investigate differences in relative prices during the 1990s. It is found that such variables as physical distance, tax levels, participation in the EMU and income levels explain differences in price levels.
Subjects: 
Relative prices
Purchasing Power Parity
Law of One Price
JEL: 
E31
F41
Document Type: 
Working Paper

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