Study on Price Convergence appears in DG ECFIN Economic Papers

Przemysław Wozniak, a member of the CASE Supervisory Council, together with a team of economists from DIW Berlin, are the authors of a study on the effects of the EU-10 enlargement on price convergence in the enlarged internal market. It was published in the “Economic Papers” series produced by the Directorate General for Economic and Financial Affairs (DG ECFIN).  The results of the analysis of comparative price levels in the EU-25 confirmed the presence of price convergence. Moreover, it found that both the catching up effect of the EU-10 and increased competitiveness pressure on prices have been important factors for explaining price convergence. In addition, both effects seem to be more pronounced for the EU-10 than for the EU-15.

Link to full paper: Economic Papers 292. Price Convergence in the Enlarged Internal Market
Link to related E-brief 2007/4 by Przemysław Wożniak: When Can We Expect Price Convergence in the Enlarged EU?