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Exchange Rate Pass-Through and the Welfare Effects of the Euro

Devereux, Michael B. - 1999

. The main issue we focus on is how the euro may alter the responsiveness of consumer prices to exchange rate changes. Our … central conjectures is that the acceptance of the euro will lead European prices to become more insulated from exchange …

Persistent link: https://www.econbiz.de/10012471402

Exchange Rate Pass-Through and the Welfare Effects of the Euro

Devereux, Michael B.; Engel, Charles M.; Tille, Cédric - 2003

. We focus on the question of how the euro may change the sensitivity of consumer prices in Europe to exchange-rate changes …. Our central conjecture is that the acceptance of the euro will lead European prices to become more insulated from exchange …

Persistent link: https://www.econbiz.de/10014089573

Revisiting the Euro's trade cost and welfare effects

Felbermayr, Gabriel; Steininger, Marina - In: Jahrbücher für Nationalökonomie und Statistik 239 (2019) 5/6, pp. 917-956

Persistent link: https://www.econbiz.de/10012122239

Revisiting the euro's trade cost and welfare effects

Felbermayr, Gabriel; Steininger, Marina - 2019

When, about twenty years ago, the Euro was created, one objective was to facilitate intra‐European trade by reducing … transaction costs. Has the Euro delivered? Using sectoral trade data from 1995 to 2014 and applying structural gravity modeling …

Persistent link: https://www.econbiz.de/10011987554

Before and after the Emu : Financial Integration, Monetary Policy and Welfare Changes

Abrantes-Metz, Rosa M. - 2005

This paper studies the welfare impact of a common monetary policy in the context of a two-country, general equilibrium model with liquidity effect and nominal wage contracts, heterogeneous agents, imperfect competition in the labor market, trade in goods, immobility of labor and mobility of...

Persistent link: https://www.econbiz.de/10014068138

Recent estimates of exchange rate pass-through to import prices in the Euro area

Cheikh, Nidhaleddine Ben; Rault, Christophe - 2015

This paper provides an update on the exchange rate pass-through (ERPT) estimates for 12 euro area (EA) countries. First …-through elasticities, we find very weak evidence of a decline around the inception of the euro in 1999. However, our results reveal that a …

Persistent link: https://www.econbiz.de/10010518820