Schulmeister, Stephan - In: WIFO Monatsberichte (monthly reports) 73 (2000) 8, pp. 487-500
internationally traded manufactured goods and tourist services which costs 1 € in the euro zone, comes at 0.865 $ in the USA. In view … mid 2000 in the euro zone than in the USA, so that the euro was undervalued when based on the GDP. The main reason for the … discrepancy, i.e., that a GDP unit is cheaper and a unit of tradables is more expensive in the euro zone than in the USA, is the …