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Real Convergence, Price Level Convergence and Inflation in Europe

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  • Balázs Égert

Abstract

Balázs Égert, a former Visiting Fellow of Bruegel, provides a comprehensive review of the factors that can cause price levels to diverge and which are at the root of different inflation rates in Europe including the EU-27. Among others, he discusses the structural and cyclical factors influencing market and nonmarket-based service, house and goods prices, and summarise some stylised facts emerging from descriptive statistics.

Suggested Citation

  • Balázs Égert, 2007. "Real Convergence, Price Level Convergence and Inflation in Europe," Working Papers 267, Bruegel.
    • Handle: RePEc:bre:wpaper:267
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