Price effects of regulatory reform in selected network industries. March 2001

Over the past couple of years, the European Union has embarked on an ambitious regulatory reform programme covering a number of network industries. Against this background, experts from the European Central Bank and the national central banks of the euro area have prepared a report to analyse the economic impact of the liberalisation and deregulation programmes in the telecommunications, electricity and gas sectors of the euro area countries. The report focuses in particular on price developments and the potential repercussions for monetary policy.