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  1. Border effects in passenger air traffic
    Published: 2003
    Publisher:  Inst. for World Economics, Kiel

  2. Border effects in passenger air traffic
  3. How wide are European borders?
    on the integration effects of monetary unions
    Published: 2003
    Publisher:  Univ.-Bibliothek Frankfurt am Main, Frankfurt am Main

    We use consumer price data for 81 European cities (in Germany, Austria, Finland, Italy, Spain, Portugal and Switzerland) to study the impact of the introduction of the euro on goods market integration. Employing both aggregated and disaggregated... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 108 (2001,7)
    No inter-library loan

     

    We use consumer price data for 81 European cities (in Germany, Austria, Finland, Italy, Spain, Portugal and Switzerland) to study the impact of the introduction of the euro on goods market integration. Employing both aggregated and disaggregated consumer price index (CPI) data we confirm previous results which showed that the distance between European cities explains a significant amount of the variation in the prices of similar goods in different locations. We also find that the variation of relative prices is much higher for two cities located in different countries than for two equidistant cities in the same country. Under the EMU, the elimination of nominal exchange rate volatility has largely reduced these border effects, but distance and border still matter for intra-European relative price volatility.

     

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    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/78100
    Edition: This version: April 2003
    Series: CFS working paper ; 2001/07
    Subjects: relative price volatility; real exchange rates; law of one price; purchasing power parity; goods market integration; border effects; EMU
    Scope: Online-Ressource (57 S.), graph. Darst.
    Notes:

    First version: January 2001