Herwartz, Helmut; Weber, Henning - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2008
Microfoundations of the euro´s effect on euro area trade hinge on the timing, thespeed and the size of adjustment in trade costs. We estimate timing, speed and sizeof adjustment in trade costs for sectoral trade data. Our approach allows for sectorspecific impacts of trade costs on sectoral...
