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| Tekijä: | Engel, C. |
| Otsikko: | Local-currency pricing and the choice of exchange-rate regime |
| Lehti: | European Economic Review
2000 : AUG, VOL. 44:8, p. 1449-1472 |
| Asiasana: | Currency Exchange rates Pricing European Monetary System European Union Models |
| Vapaa asiasana: | EMU EMS |
| Kieli: | eng |
| Tiivistelmä: | Referring to e.g. Feldstein (1992) and Friedman (1953) classic cases and arguments this paper presents new evidence that reaffirms the predominance of local-currency pricing for consumer prices in Europe. The analysis is re-examined in a Mundell-Fleming framework with local-currency pricing. |
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