Price setting behaviour and price setting regulations at the euro changeover

Thomas Eife ()

No 2006-06, Bank of Estonia Working Papers from Bank of Estonia

Abstract: This paper documents that the impact of the euro changeover in January 2002 on prices was not uniform across the 12 participating countries. There are countries where prices increased significantly, but there are also countries where price-setting behaviour during the changeover does not appear to be very different from other points in time. This paper argues that the above difference can be explained by looking at the way countries regulated price setting during the changeover, and that any impact of the changeover could have been avoided with appropriate regulations. The gap between the actual and the perceived impact is addressed and policy recommendations for future changeovers are provided

Keywords: currency changeover; euro; economic policy; prices; perceived inflation (search for similar items in EconPapers)
JEL-codes: E31 E60 L11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mac and nep-mon
Date: 2006-10-10, Revised 2006-10-12
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