Price Setting During a Currency Changeover -- by Fernando E. Alvarez, David Argente, Alberto Cavallo, Francesco Lippi

We thank Manuel Amador, V. V. Chari, Mike Golosov, Franck Portier, Daniele Terlizzese, Diana Van Patten, and seminar participants at the Minneapolis Fed, Columbia University, Yale University, Boston University, the Bank of Italy, the University of Florida, CUNY, the Hydra Conference, and SED Buenos Aires. Lippi acknowledges financial support from the ERC grant: 101054421-DCS. Alberto Cavallo is a co-founder of PriceStats LLC, which provided proprietary price data at no cost and with no right to review the findings. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

I have visited, taught, or consulted for the following institutions, where I have received an honorarium and/or paid traveling/lodging expenses:

EIEF, Rome, Italy. As research visitor.

University Torcuato Di Tella, Buenos Aires, Argentina, as a visiting professor.

Federal Reserve Bank of Chicago, US. As consultant to the Research Department.

Federal Reserve Bank of Richmond, US. As consultant to the Research Department.

Federal Reserve Bank of Minneapolis, US. As consultant to the Research Department.

Federal Reserve Bank of Philadelphia, US. As consultant to the Research Department.

Banco Central de Chile, Santiago Chile. As a conference participant, and writer of a book chapter.

European Central Bank, Frankfurt, Germany. As Duisenberg Fellow, as regular research visitor to the MPR division, and as a PRISMA visitor.

Goldman Sachs Global Market Institute, US. As a fellow.

Gerzensee’s Swiss Program for Doctoral Students, Switzerland. As a visiting professor.

Toulouse School of Economics, Toulouse, France. As a research visitor.

Cowles Foundation, Yale, US. As a research visitor.

Morris and Morris LLC, and Weinstein, Kitchenoff and Asher LLC, as a consultant to and compute damages on litigation related for financial contracts, US.

Bank of International Settlement, Basel, Switzerland. As a Lamfalussy senior research fellow.