driver of trade flows outside the euro area as compared to those within the monetary union, especially for exports, that tend … costs appear to contain relatively more information for trade flows, particularly for exports outside the euro area.The key …

, exports, and labour productivity, have lost prominence in explaining economic dynamics. We argue that, in the absence of … counterbalancing mechanisms, the combination of price-sensitive exports and the triggering effect of exports on productivity can enable … majority of the countries examined, this feedback mechanism- comprising price-sensitive exports and export demand affecting …