We analyze the behaviour of relative food prices for a set of 24 European countries observed during the period 1996.1 - 2007.12. We use recent methods for the analysis of nonstationary panels to show that food prices dynamics can be decomposed into a common component and an idiosyncratic component. From this decomposition we compute and analyze the real exchange rates for a set of food products. We find that countries included in the euro-area are more market integrated, i.e. real exchange rates tend to converge, than countries that did not adopt euro.

The Behaviour of Relative Food Prices: An Analysis Across the European Countries / Brasili, C; Fanfani, R; Gutierrez, Luciano. - (2010). [10.1007/978-1-4419-6385-7]

The Behaviour of Relative Food Prices: An Analysis Across the European Countries

GUTIERREZ, Luciano
2010

Abstract

We analyze the behaviour of relative food prices for a set of 24 European countries observed during the period 1996.1 - 2007.12. We use recent methods for the analysis of nonstationary panels to show that food prices dynamics can be decomposed into a common component and an idiosyncratic component. From this decomposition we compute and analyze the real exchange rates for a set of food products. We find that countries included in the euro-area are more market integrated, i.e. real exchange rates tend to converge, than countries that did not adopt euro.
978-14419-6384-0
The Behaviour of Relative Food Prices: An Analysis Across the European Countries / Brasili, C; Fanfani, R; Gutierrez, Luciano. - (2010). [10.1007/978-1-4419-6385-7]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11388/73842
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