In this paper, we evaluate the first-stage pass-through, namely the responsiveness of import prices to the exchange … conduct a sectoral analysis using disaggregated import prices data. We find a much higher degree of pass-through for more … a dynamic panel-data model, our estimates indicate that decline of import-price sensitivity to the exchange rate is not …

model for six euro area countries suggests domestic demand and capacity constraints as additional variables for export … developments are relevant for short-run export dynamics particularly during more extreme stages of the business cycle. A …

export market and vice versa takes place in a smooth manner. Areas of weak reaction of exports to changes in domestic demand … constraints as additional variables for export equations. We apply the exponential and logistic variant of a smooth transition … regression model and find that domestic demand developments and uncertainty are relevant for short-run export dynamics …

, we find effects around three times as strong for country pairs associated with small import shares, and a zero effect for … large import shares. Our results imply that conventional homogeneous currency union estimates do not provide helpful …