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]
Scheda prodotto non validato
Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo
Titolo: | The Behaviour of Relative Food Prices: An Analysis Across the European Countries | |
Autori: | ||
Data di pubblicazione: | 2010 | |
Citazione: | 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] | |
Handle: | http://hdl.handle.net/11388/73842 | |
ISBN: | 978-14419-6384-0 | |
Appare nelle tipologie: | 2.1 Contributo in volume (Capitolo o Saggio) |