IDEAS home Printed from https://ideas.repec.org/a/prs/recoru/ecoru_0013-0559_2004_num_283_1_5505.html
   My bibliography  Save this article

L'impact des chocs nominaux sur la transmission des prix: le cas de l'introduction de l'euro sur le marché allemand de l'alimentaire

Author

Listed:
  • Thomas Glauben
  • Jens Peter Loy
  • Jochen Meyer

Abstract

[fre] Nous analyserons dans cet article l'impact de l'adoption de l'euro sur la transmission verticale des prix dans le marché allemand de l'alimentaire. L'hypothèse qu'on adopte est qu'avec l'adoption de l'euro, la présence d'illusion monétaire a conduit à une élévation des prix réels. Si cette hypothèse est vraie, cette élévation s'est probablement accompagnée par une élévation des marges entre les prix de gros et du détail. Alors que les études ultérieures se sont principalement concentrées sur le comportement des prix moyens, cette étude analyse le comportement des prix au niveau des détaillants individuels. Pour la laitue et le poulet, la relation verticale de prix entre les prix du détail et de gros est estimée en employant une approche de correction d'erreur, améliorée pour tester les ruptures structurelles sur une période de temps flexible utilisant une approche F-max. Les résultats indiquent un changement significatif dans la relation verticale de prix pour un quart des détaillants étudiés. Quoique significative, la direction de ces changements ne correspond pas parfaitement avec les prédictions théoriques de la théorie de l'illusion monétaire. On conclut que la majorité des détaillants allemands de l'alimentaire n'ont pas utilisé l'adoption de l'euro pour augmenter leurs marges. [eng] Impact of nominal shocks on the transmission of prices: the case of euro introduction in the german food market - In this paper the impact of the introduction of the Euro on the vertical price transmission in German food markets is analyzed. It is hypothesized that following the introduction of the Euro the presence of money illusion might have lead to higher real prices, and if so it is likely accompanied by higher margins between respective wholesale and retail prices. While other studies have mainly focused on the behavior of average prices, here reactions at the individual store level are investigated. For lettuce and chicken the vertical price relationships between retail and wholesale prices are estimated by employing an error correction approach, which is enhanced to test for structural breaks with a flexible time frame using a F-max approach. The results indicate significant changes in the vertical price relationships for one forth of the retailers under study. Though significant the directions of changes do not uniquely fit the theoretical predictions for money illusion. Thus, the majority of German food retailers has not used the introduction of the Euro to increase their mark ups.

Suggested Citation

  • Thomas Glauben & Jens Peter Loy & Jochen Meyer, 2004. "L'impact des chocs nominaux sur la transmission des prix: le cas de l'introduction de l'euro sur le marché allemand de l'alimentaire," Économie rurale, Programme National Persée, vol. 283(1), pages 47-61.
  • Handle: RePEc:prs:recoru:ecoru_0013-0559_2004_num_283_1_5505
    DOI: 10.3406/ecoru.2004.5505
    Note: DOI:10.3406/ecoru.2004.5505
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/ecoru.2004.5505
    Download Restriction: no

    File URL: https://www.persee.fr/doc/ecoru_0013-0559_2004_num_283_1_5505
    Download Restriction: no

    File URL: https://libkey.io/10.3406/ecoru.2004.5505?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Thomas Glauben & Jens-Peter Loy & Julia Körner, 2007. "Der Einfluss der Euro-Einführung auf die Preisentwicklung bei frischen Lebensmitteln in Deutschland," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 127(3), pages 457-485.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:recoru:ecoru_0013-0559_2004_num_283_1_5505. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/ecoru .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.