El impacto de la puesta en circulación del euro sobre los precios de consumo

Luis Alvarez, Pilar Cuadrado Salinas (), Javier Jareño () and Isabel Sánchez García ()
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Pilar Cuadrado Salinas: Banco de España
Javier Jareño: Banco de España
Isabel Sánchez García: Banco de España

No 404, Occasional Papers from Banco de España

Abstract: The introduction of euro banknotes and coins in Spain on January 2002 led to the conversion into euros of peseta denominated prices. The changeover should have been neutral with respect to price levels, although some factors, such as menu costs, overhead costs or use of attractive prices, led to an upward impact on prices and a transitory increase in inflation. This paper analyses the changeover using available information on consumer prices. It is found that the inflationary impact of the introduction of the euro was limited, transitory and smaller than perceived by consumers.

Keywords: Euro cash changeover; perceived inflation; attractive prices (search for similar items in EconPapers)
JEL-codes: D40 E31 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2004-08
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:bde:opaper:0404

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