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Este trabajo se centra en la transmision (pass-through) de los movimientos del tipo de cambio a los precios de las importaciones realizadas por los paises del area del euro y procedentes de fuera de la misma. Haciendo uso de datos de indices de valor unitario para trece categorias distintas de...
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This paper uses an intertemporal model of the current account to evaluate the fluctuations in current account balances experienced by Euro area countries over the last three decades. In the model current account balances are used to smooth consumption and they are driven by expectations about...
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This paper focuses on the non linear adjustment of import prices in national currency to shocks in exchange rates and foreign prices measured in the exporters' currency of products originating outside the euro area and imported into European Union countries (EU 15). The paper looks at three...
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This paper looks at the reaction by industry insiders, industry analysts and competing firms, to the announcement of M&As that took place in the European Union financial industry in the period 1998-2006. Analysts covering firms involved in an M&A transaction do not significantly alter their...
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