Preisniveaueffekte der Euro-Bargeldeinführung
This article gives evidence that the euro cash changeover has contributed to the increase in the price level in Germany in January 2002. It is shown that the menu costs approach can easily explain this finding. An implication of this explanation is that the changeover will have only a temporary effect on the price level.
Volume (Year): 8 (2002)
Issue (Month): 4 ()
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