This paper presents an empirical analysis of transmission rates from exchange rate movements to import prices, across countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of exchange rate changes to import prices in the short run...

Has the introduction of the Euro reduced the impact of national borders on cross-border market convergence across the Euro Area? This paper extends Engel and Rogers (1996) well known work on border effects to cities across Western Europe over the period 1995 to 2002. While cross-border prices...