Abstract
This research uses a Quadratic Almost Ideal Demand System, combined with a Difference-in-Differences model with time-varying staggered treatments, to assess the impact of the European common currency on consumers’ welfare. Based on a panel of 29 European Union member countries from 1996 to 2022, results indicate that consumers in the Eurozone lost between 1.13% and 2.26% in annual per capita consumer welfare after adopting the euro.
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