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

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Author Info

  • Luis J. Álvarez

    ()
    (Banco de España)

  • Pilar Cuadrado Salinas

    ()
    (Banco de España)

  • Javier Jareño

    ()
    (Banco de España)

  • Isabel Sánchez García

    ()
    (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.

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File URL: http://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosOcasionales/04/Fic/do0404.pdf
File Function: First Spanish version, August 2004
Download Restriction: no

Bibliographic Info

Paper provided by Banco de Espa�a in its series Banco de Espa�a Occasional Papers with number 0404.

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Length: 35 pages
Date of creation: Aug 2004
Date of revision:
Handle: RePEc:bde:opaper:0404

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Web page: http://www.bde.es/
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Related research

Keywords: Euro cash changeover; perceived inflation; attractive prices;

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Cited by:
  1. Paolo Del Giovane & Roberto Sabbatini, 2006. "Perceived and Measured Inflation after the Launch of the Euro: Explaining the Gap in Italy," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 65(2), pages 155-192, November.
  2. Tomasz Łyziak, 2009. "Is Inflation Perceived by Polish Consumers Driven by Prices of Frequently Bought Goods and Services?," Comparative Economic Studies, Palgrave Macmillan, vol. 51(1), pages 100-117, March.

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