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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
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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
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Exchange rate pass-through and the welfare effects of the Euro
Devereux, Michael B.; Engel, Charles; Tille, Cédric - In: International economic review 44 (2003) 1, pp. 223-242
Persistent link: https://www.econbiz.de/10001742734
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Exchange rate pass-through and the welfare effects of the Euro
Devereux, Michael B.; Engel, Charles; Tille, Cédric - 1999
Persistent link: https://www.econbiz.de/10001419391
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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
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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
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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
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Optimal monetary policy in the presence of pricing-to-market
Michaelis, Jochen - 2005
Persistent link: https://www.econbiz.de/10002637920
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Optimal monetary policy in the presence of pricing-to-market
Michaelis, Jochen - 2002
Persistent link: https://www.econbiz.de/10001645358
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Regional welfare effects of the European Monetary
Bröcker, Johannes - In: Spatial implications of the European Monetary Union, (pp. 27-43). 2004
This paper estimates welfare effects resulting from reduced transaction costs in international trade, using a static multiregional general equilibrium model. The kernel of the model is the trade part specified in Dixit-Stiglitz-style. Interregional trade shows a gravity pattern due to...
Persistent link: https://www.econbiz.de/10009565609