Herwartz, Helmut; Weber, Henning - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
Microfoundations of the euro’s effect on euro area trade hinge on the timing, the speed and the size of adjustment in trade costs. We estimate timing, speed and size of adjustment in trade costs for sectoral trade data. Our approach allows for sector specific impacts of trade costs on sectoral...
