IDEAS home Printed from https://ideas.repec.org/p/dnb/wormem/654.html
   My bibliography  Save this paper

How does the introduction of the euro affect prices? Part I: a survey of arguments (in Dutch)

Author

Listed:
  • C.K. Folkertsma
  • M.C.J. van Rooij

Abstract

In this paper we discuss whether the introduction of the euro may cause price changes. Besides a critical survey of the theoretical arguments supporting price effects, we discuss the empirical evidence on price effects obtained from comparable events. Neither the theoretical arguments nor the empirical findings convincingly support the view that the introduction of the euro will cause a significant rise in prices. Moreover, in the medium term, the introduction of the euro may even lead to lower prices.

Suggested Citation

  • C.K. Folkertsma & M.C.J. van Rooij, 2001. "How does the introduction of the euro affect prices? Part I: a survey of arguments (in Dutch)," WO Research Memoranda (discontinued) 654, Netherlands Central Bank, Research Department.
  • Handle: RePEc:dnb:wormem:654
    as

    Download full text from publisher

    File URL: https://www.dnb.nl/binaries/wo0654_tcm46-145957.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Kenneth Rogoff, 1985. "The Optimal Degree of Commitment to an Intermediate Monetary Target," The Quarterly Journal of Economics, Oxford University Press, vol. 100(4), pages 1169-1189.
    2. Demertzis, Maria & Hughes Hallett, Andrew & Viegi, Nicola, 2004. "An independent central bank faced with elected governments," European Journal of Political Economy, Elsevier, vol. 20(4), pages 907-922, November.
    3. Cukierman, A., 1996. "The Economics of Central Banking," Discussion Paper 1996-31, Tilburg University, Center for Economic Research.
    4. Melitz, Jacques, 1997. "Some Cross-Country Evidence about Debt, Deficits and the Behaviour of Monetary and Fiscal Authorities," CEPR Discussion Papers 1653, C.E.P.R. Discussion Papers.
    5. Crosby, Mark, 1998. "Central bank independence and output variability," Economics Letters, Elsevier, vol. 60(1), pages 67-75, July.
    6. Alesina, Alberto & Gatti, Roberta, 1995. "Independent Central Banks: Low Inflation at No Cost?," American Economic Review, American Economic Association, pages 196-200.
    7. Guy Debelle & Stanley Fischer, 1994. "How independent should a central bank be?," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, pages 195-225.
    8. Alesina, Alberto & Summers, Lawrence H, 1993. "Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(2), pages 151-162, May.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    euro introduction; inflation;

    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:dnb:wormem:654. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rob Vet). General contact details of provider: http://edirc.repec.org/data/dnbgvnl.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.