Fluch, Manfred; Rumler, Fabio - In: Monetary Policy & the Economy (2005) 2, pp. 69-89
Austrians widely expected prices to fall on account of EU accession, participation in the Single Market and the resulting stepped-up competition. In hindsight, this assessment was partly correct. In the course of the decade from 1995 to 2004, the inflation rate dropped by half to 1.5% per annum...