Prices and EMU
The potential impact of EMU on prices is a key element of the potential microeconomic gains from a currency union. The EMU study by HM Treasury Prices and EMU explores the causes of price differentials in the EU at present, and assesses how far and how quickly EMU membership might encourage greater convergence between prices in the UK and the euro area. The study also explores evidence from the United States, and what it suggests about how prices might converge in the euro area.
Prices and EMU below is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
Prices and EMU
PDF file of executive summary (92kb)
PDF file of full study (428kb)