# Price variance. The deviations of prices from the mean in an economic area. Knowledge of differences is important for monetary policy. – See inflation differentials, composition effect, price convergence, real interest rate argument, inflationary pressure, sectoral, exchange rate effect, real. – Cf. ECB Monthly Bulletin of August 2002, pp. 43 ff. (detailed presentation with respect to Euroland), Deutsche Bundesbank Monthly Bulletin of December 2008, pp. 39 ff. (change in price competitiveness within EMU countries since 1999), ECB Annual Report 2008, pp. 93 ff. (differences in the competitiveness of individual EU member states; overviews), Deutsche Bundesbank Monthly Bulletin of March 2009, pp. 35 ff. (detailed presentation with respect to EMU; overviews; references).

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## Definition

The deviations of prices from the mean in an economic area. Knowledge of differences is important for monetary policy. - See inflation differentials, composition effect, price convergence, real interest rate argument, inflationary pressure, sectoral, exchange rate effect, real. - Cf. ECB Monthly Bulletin of August 2002, pp. 43 ff. (detailed presentation with respect to Euroland), Deutsche Bundesbank Monthly Bulletin of December 2008, pp. 39 ff. (change in price competitiveness within EMU countries since 1999), ECB Annual Report 2008, pp. 93 ff. (differences in the competitiveness of individual EU member states; overviews), Deutsche Bundesbank Monthly Bulletin of March 2009, pp. 35 ff. (detailed presentation with respect to EMU; overviews; references). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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