12345Psychological Costs of Currency Transition: Evidence from Euro Adoption

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The paper Psychological Costs of Currency Transition: Evidence from Euro Adoption”, joint with Vladimir Otrachshenko and Olga Popova, is out as a CEPR discussion paper where we analyze change in life satisfaction in the wake of the adoption of the Euro. Our evidence suggests specific groups – the old, the unemployed, and larger households – endure substantial costs associated with currency transition, highlighting how information and debate are key before any major change in economic context. The paper can be accessed here.

Posted February 2016