Working Papers, Department of Economics, Lund University
Differences in Relative Prices in the EU
Abstract: Price levels differ considerably between the member states
of the EU. This paper examines what causes these price differences.
Disaggregated price level indexes for 13 capital cities in the EU are used
in order to investigate differences in relative prices during the 1990s. It
is found that such variables as physical distance, tax levels,
participation in the EMU and income levels explain differences in price
Keywords: Relative prices; Purchasing Power Parity; Law of One Price; (follow links to similar papers)
JEL-Codes: E31; F41; (follow links to similar papers)
21 pages, May 21, 2004
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