The Effect of the euro changeover on prices: evidence from Lithuania
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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Knyga / Book
Language:
Anglų kalba / English
Title:
The Effect of the euro changeover on prices: evidence from Lithuania
Authors:
Publication Data:
Vilnius : Lietuvos bankas, 2021.
Pages:
Elektroninis (PDF), 59 p
Series:
Working Paper Series; 93
Subject Category:
Summary / Abstract:
ENAt the aggregate level, I find that the euro changeover did not lead to a significant change in the overall inflation rate between 2015 and 2019 in Lithuania. When the measures are diversified, however, some inflationary effects emerge in sub-categories. I therefore analyze this heterogeneity at the disaggregated level using a large sample of prices that constitutes the CPI from 2010 to 2018. I show that significant price changes have been confined to the low-weighted components of the HICP. This explains why a spike in the overall price level did not occur at the time of the changeover. Keywords: Euro changeover, synthetic difference-in-differences, regression discontinuity in time, price changes. [From the publication]
Subject:
Related Publications:
Euro įvedimo poveikio Lietuvos ekonomikai per pirmuosius penkerius narystės euro zonoje metus vertinimas / Sigitas Šiaudinis, Linas Jurkšas, Rokas Kaminskas, Justina Gaižutytė, Héctor Cárcel, Laura Galdikienė. Teminių straipsnių serija. 2020, Nr. 33, p. 4-56.
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https://www.lituanistika.lt/content/100810
Updated:
2023-12-11 18:48:29
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