This paper uses a model of import prices whereby exporters to the euro area set export prices partly as a mark-up on … differences across import suppliers, with EU member states who are not part of the euro area assigning a relatively larger weight …

-through (ERPT) on aggregate and disaggregate import prices of the industrial sectors in the short- and long-run. The study is based … period from 2002Q1 to 2016Q4. In the long-run, the ERPT is complete for the aggregate import and for the industrial sector … beverages and tobacco. In the short-run, the ERPT is incomplete for the aggregate import and for majority of industrial sectors …