Euro Area Policies : Selected Issues
Release Date: © September, 2003
ISBN
: 978-1-45181-294-7
Stock #: 1EUREA0022003
English
Stock Status: On back-order
Languages and formats available
English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
Paperback | Yes | ||||||
Yes | |||||||
ePub | Yes | ||||||
Mobipocket | Yes |
Description
An important aim of this paper is to take shifts in the long-term anchor in the empirical specifications. The study examines exchange-rate pass-through and external adjustment in the euro area. The impact on third-country trade and investment is also discussed. A better understanding of the economic behavior underlying limited pass-through is an important consideration for investigating the implications of currency fluctuations and the pattern of external adjustment. The impulse-response patterns suggest a high degree of local currency pricing in import prices and producer currency pricing in export prices.
Taxonomy
Business cycles , Economic cooperation , Economic development , Economic policy , Euro area , Inflation , Monetary policy , Monetary unions , Pensions , Social policy
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