The paper proposes a modelling approach for euro area goods and services trade volumes and prices on the basis of a …) to euro area import prices. The second issue relates to substitution effects between intra- and extra-area trade. These … the impact of external and domestic shocks to trade in the euro area, in particular on intra- and extra-area trade. The …

euro area (EA) countries. Using a class of nonlinear smooth transition models, we test for asymmetry with respect to the …

euro area (EA) countries. Using a class of nonlinear smooth transition models, the author tests for asymmetry with respect …

between exchange rates and prices, showing that there is at most a moderate decline in exchange rate pass-through for the euro … of euro area exports to exchange rate changes may have declined somewhat as a result of globalisation, reflecting mainly … exchange rates on GDP and the potential role of valuation effects as a transmission channel in the case of the euro area. …

countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of … introduction of the euro caused a structural change in exchange rate pass-through. Although some estimated point elasticities have … manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to …

Countries aspiring to join the euro area—the so-called accession countries—are increasingly binding their economic … activity, external and internal, to the euro-area countries. This phenomenon is observed in the currency invoicing of …. According to theory, the optimal invoicing choice for an accession country depends on its composition of exports and imports and …

In this paper, we examine the relationship between the euro exchange rate and domestic inflation in the EMU area. This … issue has gained importance as the euro has depreciated around 20 per cent during the first eighteen months of EMU, and is … basis of the degree of openness of the EMU economy. Thus, further research on this issue is evidently needed. – euro …

This paper investigates the impact of exchange rate shocks on sectoral activity and prices in the euro area. Using a … main euro area sectors and on activity and producer prices in a large set of sub-sectors of industry (excluding … activity and prices. According to our results, among the main euro area sectors an exchange rate shock has the strongest impact …