One currency, one price? Euro Changeover related inflation in Estonia

No wp2014-7, Bank of Estonia Working Papers from Bank of Estonia

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. Changeoverrelated inflation was higher for products that were relatively cheaper than the euro area average. Inflationary effects were stronger in smaller shops.

Keywords: euro; currency changeover; market concentration; consumer behaviour (search for similar items in EconPapers)
JEL-codes: D49 E58 P46 (search for similar items in EconPapers)
Date: 2014-10-10, Revised 2014-10-10
New Economics Papers: this item is included in nep-eec, nep-eur, nep-mac and nep-mon
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Related works:
Journal Article: One Currency, One Price? Euro Changeover-Related Inflation in Estonia (2015)
Working Paper: One currency, one price? Euro changeover-related inflation in Estonia (2014)
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