Similar Search Results

Trade Adjustment in the European Union - A Structural Estimation Approach

Corbo, Vesna - 2013

We estimate the elasticity of substitution of a country's imports, and that of its exports on the world market, for EU … countries, due to different production and trade structures. We obtain aggregate elasticities for the EU27 countries, with a …

Persistent link: https://www.econbiz.de/10013083694

The Euro Exchange Rate During the European Sovereign Debt Crisis - Dancing to Its Own Tune?

Ehrmann, Michael - 2013

factors that are found to have affected changes in exchanges rate levels are policy actions at the EU level and by the ECB …

Persistent link: https://www.econbiz.de/10013083696

A Global Trade Model for the Euro Area

D'Agostino, Antonello - 2017

We propose a model for analyzing euro area trade based on the interaction between macroeconomic and trade variables. First, we show that macroeconomic variables are necessary to generate accurate short-term trade forecasts; this result can be explained by the high correlation between trade and...

Persistent link: https://www.econbiz.de/10012963898

The Phillips Curve at the ECB

Eser, Fabian - 2020

We explain the role of the Phillips Curve in the analysis of the economic outlook and the formulation of monetary policy at the ECB. First, revisiting the structural Phillips Curve, we highlight the challenges in recovering structural parameters from reduced-form estimates and relate the...

Persistent link: https://www.econbiz.de/10012834963

Markups and Inflation Cyclicality in the Euro Area

Kouvavas, Omiros; Osbat, Chiara; Reinelt, Timo; … - 2021

Price inflation in the euro area has been stable and low since the Global Financial Crisis, despite notable changes in output and unemployment. We show that an increasing share of high markup firms is part of the explanation of why inflation remained stubbornly stable and low in the euro area...

Persistent link: https://www.econbiz.de/10013313119

What Drives Export Market Shares? It Depends! An Empirical Analysis Using Bayesian Model Averaging

Osbat, Chiara - 2017

investigate the drivers of export market shares of 25 EU countries, considering a wide range of traditional indicators along with … from China have strongly affected export performance since the early 2000s. In the case of old EU Member States, investment …, quality of institutions and available liquidity to firms also appear to play a role. For the new EU Member States, labour and …

Persistent link: https://www.econbiz.de/10012950748

Tax Thy Neighbour : Corporate Tax Pass-Through into Downstream Consumer Prices in a Monetary Union

Dedola, Luca; Osbat, Chiara; Reinelt, Timo - 2022

We estimate the response of product-level retail prices to changes in the corporate tax rates paid by wholesale producers (pass-through). Under perfect competition in goods and factor markets, pass-through of corporate taxes should be zero, and their incidence mainly falls on factor prices. We...

Persistent link: https://www.econbiz.de/10014080686

Sectoral Exchange Rate Pass-Through in the Euro Area

Osbat, Chiara; Sun, Yiqiao; Wagner, Martin - 2021

We study exchange rate pass-through (ERPT), i.e., the impact of exchange rate movements on inﬂation, focusing on euro area import prices at a sectorally disaggregated level. Our estimation strategy is based on VAR-X models, thus incorporating both endogenous and exogenous explanatory...

Persistent link: https://www.econbiz.de/10013310201