countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of … introduction of the euro caused a structural change in exchange rate pass-through. Although some estimated point elasticities have … manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to …

Restaurant prices in the Euro area saw an unprecedented increase after the introduction of the Euro. We use an … costs. The extension we use involves the state-dependent decision of firms about when to adopt the Euro. Two main mechanisms … drive the result. First, our model concentrates otherwise staggered price increases around the introduction of the Euro …

Countries aspiring to join the euro area—the so-called accession countries—are increasingly binding their economic … activity, external and internal, to the euro-area countries. This phenomenon is observed in the currency invoicing of … degree of euro-denominated invoicing of exports. I find that the exporters in some accession countries might be pricing too …