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Real Exchange Rates and Sectoral Productivity in the Eurozone
Berka, Martin - 2014
We investigate the link between real exchange rates and sectoral total factor productivity measures for countries in the Eurozone. Real exchange rate patterns closely accord with an amended Balassa-Samuelson interpretation, both in cross-section and time series. We construct a sticky price...
Persistent link: https://www.econbiz.de/10013047029
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Exchange Rate Pass-Through and the Welfare Effects of the Euro
Devereux, Michael B.; Engel, Charles M.; Tille, Cédric - 2021
. The main issue we focus on is how the euro may alter the responsiveness of consumer prices to exchange rate changes. Our … central conjectures is that the acceptance of the euro will lead European prices to become more insulated from exchange …
Persistent link: https://www.econbiz.de/10013243930