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• Price convergence in the EU-an aggregate and disaggregate approach

  Publikacja

  • J. Wolszczak-Derlacz

  - International Economics and Economic Policy - Rok 2008

  This article examines the price dispersion in the European Union (EU) over 15 years (1990-2005). An extensive overview of the literature offers inconclusive results with the half-lives of price shocks from 2.8 to 282 months. Until now, most of the empirical research has been either micro or macro based. In contrast, we conducted a complex analysis utilizing both aggregate and disaggregate price data. The macro approach is based...

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