changes in these factors have on net trade, real GDP and the Harmonized Consumer Price Index (HICP). To this end, we estimate … of exports and the volume of imports. Then, we re-estimate the model by dividing the terms of trade index into import and …

, and their incidence mainly falls on factor prices. We use variation in tax rates across time and space in Germany, where … 125,000 food and personal care products sold across Germany. By leveraging 1,058 changes in the local business tax rate … goods produced by taxed _rms and purchased by consumers in the rest of Germany, who thus end up bearing a substantial share …

data from the German Consumer Price Index that covers the years 1998 to 2003. We strong find evidence of time- and state …

We propose a new and time-varying optimum currency area (OCA) index for the euro area in assessing the evolution of the … index, nevertheless, shows that cyclical convergence among euro area members is not a steady process as it tends to be … index embarks on a recovery trajectory catching up with its pre-crisis level. Our OCA index is slow-moving and a good …

data from the German Consumer Price Index that covers the years 1998 to 2003. We strong find evidence of time- and …