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2006 | nr 1 Financial markets : principles of modeling forecasting and decision-making | 273--288
Tytuł artykułu

Europe of One Price?

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Chapter 18 aims to assess the idea of price convergence in Europe. The analysis is based on price level conditional convergence. The methodology originates from the neoclassical Solow model of economic growth while the study is focused on the question whether prices can equalize among the European countries. The study gives insights into the speed with which the equilibrium prices will be achieved. (fragment of text)
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