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The paper discusses the issue of estimating short- and long-run exchange rate pass-through to import prices in euro … the possibility of structural breaks and show how the long run may be restored in the estimation. The main finding is that … allowing for possible breaks around the formation of EMU and the appreciation of the euro starting in 2001 helps restore a long …
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estimation. The main finding is that allowing for possible breaks around the formation of EMU and the appreciation of the euro …The paper discusses the issue of estimating short- and long-run exchange rate pass-through to import prices in euro …
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