Word: euros
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Dates: during 2000-2009
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Their conclusions tend to be quite similar. Public perceptions of the impact of the euro were skewed, they argue, because people noticed the rise in the cost of everyday items such as coffee and vegetables more than they noticed the declining costs of telephone calls, refrigerators and other less frequently purchased items. That in turn confirmed pre-euro anxieties that the new currency could be inflationary. Extensive media coverage of price rises didn't help. Moreover, some people may have simply not related their spending to what they were earning, and so made mistakes...
...best, a hazy recollection of what things really used to cost. One study by two psychologists and an economist, to be published by the Bank of Italy, asked moviegoers in Rome if they remembered how much cinema tickets used to cost in lire before the introduction of the euro in 2002. Less than 1 in 10 got the amount right, while more than half underestimated the true cost by at least...
...fundamental flaw in the argument of those who believe the euro pushed up inflation significantly is that there's almost no supporting evidence. Italy provides a good example because, in 1993, it experienced a sharp deterioration in household income following a massive lira devaluation. Tens of thousands of people lost their jobs, auto and retail sales crashed and there were other sizable - and measurable - effects on the economy as a whole...
...since, despite complaints about the euro, there have been no such drastic side effects. From retail sales to savings patterns, the data appears normal. "There are no indicators that something terrible happened," says Enrico Giovannini, the former head of the Italian statistics office who now works at the O.E.C.D. in Paris...
...Queer Eye” and “Project Runway,” as well as many men sporting the “Stanford Blatch” look, made famous by the “Sex and the City” character: bald, scarf-wearing, dark plastic glasses. Pulsing Euro beats pump into the small tent, overwhelming the audience as they await the start of the show.Tim M. Gunn, “Project Runway” personality and fashion guru, sits front row center, in a fitted grey pinstripe jacket, surrounded by the who?...