View this email in your browser [https://wiiw.ac.at/files/mailings/event-201910171255-en.html] _in cooperation with _ [Research Centre International Economics (FIW)] [http://fiw.ac.at/index.php?id=1&L=3] Dear colleague, we cordially invite you to the following event: PRICE COMPETITIVENESS IN THE EUROPEAN MONETARY UNION ANDREAS EDER BOKU Vienna THURSDAY, 31 OCTOBER 2019, 3:00 PM (15:00 CET) wiiw, Rahlgasse 3, 1060 Vienna FIW-wiiw Seminars in International Economics [https://wiiw.ac.at/fiw-wiiw-seminars-in-international-economics-es-6.html] The presentation is based on a paper co-authored with Wolfgang Koller and Bernhard Mahlberg. This paper studies the persistent producer price inflation differentials within the European Monetary Union. By applying a decomposition procedure within the input output framework, the drivers of sectoral producer price inflation in a representative sample of member states are re-vealed. We find that in the pre-crisis period (2000-2008) the inflation differentials in manufactur-ing and market services of all countries vis-à-vis Germany were consistently positive resulting in a loss of price competitiveness for all economies. Manufacturing and market service sectors of many countries continued to lose price competitiveness, though to a lesser extent, also during the crisis period (2009-2014). We observe that differences in unit labour cost developments across countries constitute an important driver, especially in the pre-crisis period. Other drivers, such as import costs, intermediate input costs and operating surpluses also contribute, in particular during the crisis period. ...more [https://wiiw.ac.at/price-competitiveness-in-the-european-monetary-union-e-44...] WE KINDLY ASK YOU TO REGISTER [https://wiiw.ac.at/bc-e-er-447.html] for the event. Participation is free of charge. Best regards, Olga Pindyuk [https://wiiw.ac.at/olga-pindyuk-s-21.html] _Organiser_ Robert Stehrer [https://wiiw.ac.at/robert-stehrer-s-16.html] _Scientific Director_ wiiw The Vienna Institute for International Economic Studies Rahlgasse 3, 1060 Vienna, Austria wiiw@wiiw.ac.at, wiiw.ac.at [https://wiiw.ac.at] T: +43 1 533 66 10 [tel:+4315336610] [http://www.facebook.com/wiiw.economic.studies] [http://www.twitter.com/wiiw_news] [http://www.linkedin.com/company/vienna-institute-for-international-economic-...] [http://www.youtube.com/channel/UCyNuSfsgzgBsIf7AaH8Vk-Q] [https://wiiw.ac.at/rss.php] Copyright ©2019 wiiw, all rights reserved.
