experienced by Euro area countries over the last three decades. In the model current account balances are used to smooth … (Belgium, France, Italy, Netherlands, Portugal, and Spain) of the ten Euro area countries examined, although the model tends to … European countries at the creation of the Euro but they had considerably diverged by 2005. While in Portugal these expectations …

This paper focuses on the pass-through of exchange rate changes into the prices of imports made by euro area countries … estimate industry-specific rates of pass-through across and within countries for all euro members. In the short-run, pass … equality of pass-through rates across industries and countries can be rejected. Differences exist across euro area countries in …