We estimated dynamic panel models for the agri-food trade of six new Member States (the Czech Republic, Latvia, Lithuania, Romania, Slovakia and Slovenia) with selected countries and trade groupings between 1996 and 2005. In general, we found low income elasticities and high price elasticities...

We try to explain the differences in euro area countries’ inflation rates over the period 1999-2006, using a dynamic panel data model. Our results suggest that euro area inflation differentials are partly due to differences in the exposure to exchange rate deviations and oil price shocks. They...