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Inflation is a monetary phenomenon. While this statement is widely accepted in terms of a long-run relationship, the quantity theory has been made operational also for the short-run dynamics of inflation by so-called Pstar models. An error correction model with quarterly data for the Euro Area...
Persistent link: https://www.econbiz.de/10011477146
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This paper empirically confronts one explanation of spreading regionalism with the European experience. The domino theory asserts that forming a preferential trade area, or deepening an existing one, produces trade diversion that generates new political-economy forces in third nations as...
Persistent link: https://www.econbiz.de/10012942669
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monopolistic competition set-up, the effect of exchange rate uncertainty on trade has nonlinear features, suggesting that EMU and a …
Persistent link: https://www.econbiz.de/10013318725
(QHFT) model, we classify export goods (at the HS 6-digit level of disaggregation) by quality and price competition. We find … a high proportions of quality-competition goods for the major EU countries and lower proportions for Canada, Australia … and China. However, the overlap of these quality-competition goods is not large, which suggests that characteristics of …
Persistent link: https://www.econbiz.de/10010316749
Inflation is a monetary phenomenon. While this statement is widely accepted in terms of a long-run relationship, the quantity theory has been made operational also for the short-run dynamics of inflation by so-called Pstar models. An error correction model with quarterly data for the Euro Area...
Persistent link: https://www.econbiz.de/10010265458
Persistent link: https://www.econbiz.de/10010313574
Persistent link: https://www.econbiz.de/10010313889