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"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 …
Persistent link: https://www.econbiz.de/10002521760
Remarks at the Transatlantic Economic Interdependence and Policy Challenges Conference, Federal Reserve Bank of New York, New York City.
Persistent link: https://www.econbiz.de/10010724936
Testimony before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, Committee on Oversight and Government Reform, U.S. House of Representatives.
Persistent link: https://www.econbiz.de/10010725013
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 …
Persistent link: https://www.econbiz.de/10005526311
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 …
Persistent link: https://www.econbiz.de/10005420567
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 …
Persistent link: https://www.econbiz.de/10005420673