{"id":106648,"date":"2024-01-22T14:57:05","date_gmt":"2024-01-22T13:57:05","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/106648\/"},"modified":"2024-11-07T03:14:04","modified_gmt":"2024-11-07T02:14:04","slug":"die-preisentwicklung-vor-dem-hintergrund-der-euro-bargeldeinfuehrung","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/106648\/","title":{"rendered":"Introduction of Euro Banknotes and Coins did Not Trigger Price Surge in Austria"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-106648","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Detailed comparisons with Germany and Switzerland as well as an analysis of the time pattern of sub-indices of the Consumer Price Index do not indicate that the introduction of the euro had strong inflationary impact. In some sectors, however, there were price increases which may be related to the adoption of the new currency. One sector which attracted a lot of public attention was caf\u00e9s and restaurants. In contrast to Germany (and other countries of the euro area), in Austria the turn of the year 2001-02 was not used to raise prices. It was not until June 2002 that price increases were implemented which can be interpreted as lagged effects of the euro cash changeover. As far as other service prices are concerned, the development in Austria deviates only marginally from that in the euro area. Prices of hairdressing, car repairs and plumbing were raised more than usual. The inflation rates of individual service prices, however, exceeded the mark of 5 percent in only a few instances. Prices of non-energy industrial goods posted only modest increases, with inflation rates well below those in Germany and in the euro area. A slight acceleration was, however, recorded in recent months. Consumer surveys suggest that consumers have perceived inflation as being higher than it has been in reality. A majority of consumers believes that the rise in inflation, which occurred in the period leading up to the introduction of the euro, was causally related to the adoption of the new currency. Part of the explanation for the divergence between actual and perceived inflation is that consumers attach a relatively large weight to price developments of items that are frequently purchased, while price developments of products less frequently purchased attract less attention. Indeed, prices of items frequently purchased, such as petrol, meat, vegetables and restaurant services posted high inflation rates in the second half of 2001 and at the beginning of 2002, while prices of other items (such as non-energy industrial goods, rents) recorded a stable development. Thus, it is likely that consumers formed an unrepresentative picture of overall price developments.","onlinedate":"2002-10-16 12:00:00","lang":"German","publication_series":"","publication_date":"20021001","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Euro-Einf\u00fchrung; W\u00e4hrungsunion; Preiseffekte; W\u00e4hrungsumstellung; \u00d6sterreich; Die Preisentwicklung vor dem Hintergrund der Euro-Bargeldeinf\u00fchrung; Introduction of Euro Banknotes and Coins did Not Trigger Price Surge in Austria\"]","jelcodes":"[]","related_publications":"[]","pdf":315431,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"75","monthly_report_pages":"633-640","monthly_report_pages_sort":"633","issue":"10","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":"2002-10-16 12:00:00","types":[44312],"research_groups":[3510],"collaboration":"","persons":[3797],"persons_data":"[{\"personId\":3797,\"personName\":\"Wolfgang Pollan\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Pollan, W.<\\\/span> (2002). <span>Die Preisentwicklung vor dem Hintergrund der Euro-Bargeldeinf\u00fchrung<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>75<\\\/em>(10), 633-640. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/22883\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/22883<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Pollan W<\\\/span>. <span class=\\\"title\\\"><span>Die Preisentwicklung vor dem Hintergrund der Euro-Bargeldeinf\u00fchrung<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2002 Oct;75(10):633-640.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{0cfe35e84d334680a4d86e66ce8d25d8,<\\\/div><div>  title    = \\\"Die Preisentwicklung vor dem Hintergrund der Euro-Bargeldeinf{\\\\\\\"u}hrung\\\",<\\\/div><div>  abstract = \\\"Detaillierte Vergleiche mit Deutschland und der Schweiz sowie eine Analyse des zeitlichen Verlaufs einzelner Untergruppen des Verbraucherpreisindex liefern keine Hinweise darauf, dass der Einf{\\\\\\\"u}hrung des Euro als Bargeld st{\\\\\\\"a}rkere preiserh{\\\\\\\"o}hende Wirkung zuzuschreiben w{\\\\\\\"a}re. In einigen Bereichen wurden jedoch Preiserh{\\\\\\\"o}hungen vorgenommen, die mit der W{\\\\\\\"a}hrungsumstellung zusammenh{\\\\\\\"a}ngen k{\\\\\\\"o}nnten. Ihre Schwerpunkte liegen im Dienstleistungssektor.\\\",<\\\/div><div>  keywords = \\\"Euro-Einf{\\\\\\\"u}hrung; W{\\\\\\\"a}hrungsunion; Preiseffekte; W{\\\\\\\"a}hrungsumstellung; {\\\\\\\"O}sterreich; Die Preisentwicklung vor dem Hintergrund der Euro-Bargeldeinf{\\\\\\\"u}hrung; Introduction of Euro Banknotes and Coins did Not Trigger Price Surge in Austria, Euro-Einf{\\\\\\\"u}hrung; W{\\\\\\\"a}hrungsunion; Preiseffekte; W{\\\\\\\"a}hrungsumstellung; {\\\\\\\"O}sterreich; Die Preisentwicklung vor dem Hintergrund der Euro-Bargeldeinf{\\\\\\\"u}hrung; Introduction of Euro Banknotes and Coins did Not Trigger Price Surge in Austria\\\",<\\\/div><div>  author   = \\\"Wolfgang Pollan\\\",<\\\/div><div>  note     = \\\"Euro-Bargeldeinf{\\\\\\\"u}hrung\\\",<\\\/div><div>  year     = \\\"2002\\\",<\\\/div><div>  month    = oct,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"75\\\",<\\\/div><div>  pages    = \\\"633--640\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Die Preisentwicklung vor dem Hintergrund der Euro-Bargeldeinf\u00fchrung<\\\/p><p>AU  - Pollan, Wolfgang<\\\/p><p>N1  - Euro-Bargeldeinf\u00fchrung<\\\/p><p>PY  - 2002\\\/10<\\\/p><p>Y1  - 2002\\\/10<\\\/p><p>N2  - Detaillierte Vergleiche mit Deutschland und der Schweiz sowie eine Analyse des zeitlichen Verlaufs einzelner Untergruppen des Verbraucherpreisindex liefern keine Hinweise darauf, dass der Einf\u00fchrung des Euro als Bargeld st\u00e4rkere preiserh\u00f6hende Wirkung zuzuschreiben w\u00e4re. In einigen Bereichen wurden jedoch Preiserh\u00f6hungen vorgenommen, die mit der W\u00e4hrungsumstellung zusammenh\u00e4ngen k\u00f6nnten. Ihre Schwerpunkte liegen im Dienstleistungssektor.<\\\/p><p>AB  - Detaillierte Vergleiche mit Deutschland und der Schweiz sowie eine Analyse des zeitlichen Verlaufs einzelner Untergruppen des Verbraucherpreisindex liefern keine Hinweise darauf, dass der Einf\u00fchrung des Euro als Bargeld st\u00e4rkere preiserh\u00f6hende Wirkung zuzuschreiben w\u00e4re. In einigen Bereichen wurden jedoch Preiserh\u00f6hungen vorgenommen, die mit der W\u00e4hrungsumstellung zusammenh\u00e4ngen k\u00f6nnten. Ihre Schwerpunkte liegen im Dienstleistungssektor.<\\\/p><p>KW  - Euro-Einf\u00fchrung; W\u00e4hrungsunion; Preiseffekte; W\u00e4hrungsumstellung; \u00d6sterreich; Die Preisentwicklung vor dem Hintergrund der Euro-Bargeldeinf\u00fchrung; Introduction of Euro Banknotes and Coins did Not Trigger Price Surge in Austria<\\\/p><p>KW  - Euro-Einf\u00fchrung; W\u00e4hrungsunion; Preiseffekte; W\u00e4hrungsumstellung; \u00d6sterreich; Die Preisentwicklung vor dem Hintergrund der Euro-Bargeldeinf\u00fchrung; Introduction of Euro Banknotes and Coins did Not Trigger Price Surge in Austria<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 75<\\\/p><p>SP  - 633<\\\/p><p>EP  - 640<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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