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I use the STAN database of the OECD and different econometric methods to investigate the effects of exports towards the EU-15 on wages in the Visegrad countries (CEEC-4; Czech Republic, Hungary, Poland, and Slovakia). The results do not allow to draw any definite statements about this effect....
Persistent link: https://www.econbiz.de/10011345451
cross-country differences in the long run ERPT. We find that inflation regime and exchange rate volatility are potential … area. The observed decline in ERPT to import prices was synchronous to the shift towards reduced inflation regime. …
Persistent link: https://www.econbiz.de/10011345481
This paper sheds new light on the role of inflation regime in explaining the extent of exchange rate pass-through (ERPT …) into import prices. In order to classify his sample of 24 developing countries by regimes of inflation, Barhoumi [(2006 …", Economic Modeling, 23 (6), 926-951.] chose an arbitrary threshold of 10% to split sample between high and low inflation regimes …
Persistent link: https://www.econbiz.de/10011345538
Time-varying exchange rate pass-through effects to domestic prices under fixed euro exchange rate perspective represent one of the most challenging implications of the common currency. The problem is even more crucial when examining crisis related redistributive effects associated with relative...
Persistent link: https://www.econbiz.de/10011561803
In the present study we analyse relevant macro- and microeconomic forces driving inflation in the Czech Republic with a … nominal trend appreciation of the koruna after euro adoption are likely to be rather low. In contrast, a low inflation … that inflation hikes will remain limited after the euro adoption. The fulfilment of the Maastricht inflation criterion …
Persistent link: https://www.econbiz.de/10011345423
This paper investigates whether the exchange rate pass-through (ERPT) to CPI inflation is a nonlinear phenomenon for … confidence during the recent sovereign debt crisis has entailed a higher sensibility of CPI inflation to exchange rate movements. …
Persistent link: https://www.econbiz.de/10011345530
In this paper we confirm the existence of improvements of firm productivity when domestic upstream and downstream firms become more internationalized and therefore offshore (import intermediate inputs) and inshore (export final output for intermediate input usage) intensively. China's accession...
Persistent link: https://www.econbiz.de/10011561797
This paper investigates the process of trade integration between the enlarged European Union and the Newly Independent States (NIS), focusing on the new EU member states (NMS) and selected NIS (Russia, Ukraine, Belarus, Moldova and Kazakhstan). The paper analyses the evolution of the regional...
Persistent link: https://www.econbiz.de/10011345408
EU's 2007 enlargement by Bulgaria and Romania is evaluated by applying a simple macroeconomic integration model able to encompass as many of the theoretically predicted integration effects possible. The direct integration effects of Bulgaria and Romania spill-over to EU15, including Austria and...
Persistent link: https://www.econbiz.de/10011345412
Trade economists traditionally study the effect of lower variable trade costs. While increasingly important politically, technical barriers to trade (TBTs) have received less attention. Viewing TBTs as fixed regulatory costs related to the entry into export markets, we use a model with...
Persistent link: https://www.econbiz.de/10011345419