This paper provides an update on the exchange rate pass-through (ERPT) estimates for 12 Euro area (EA) countries. First …-through elasticities, we find very weak evidence of a decline around the inception of the euro in 1999. However, our results reveal that a …

the exchange rates of three Central and Eastern European (CEE) currencies against the euro. First we estimate the nominal …

prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life … responses quantified in this paper point towards important heterogeneity in monetary-policy transmission within the euro area …

This paper studies the dynamics of volatility transmission between Central European currencies and euro/dollar foreign … significant spillovers running from euro/dollar to the Central European foreign exchange markets. To measure the overall magnitude …

no evidence of a euro effect on trade flows among early euro adopters up to the year 2002. Second, this finding is robust … to extending the sample period to incorporate data up to 2013, covering five additional euro accessions. Third, while … there is no robust evidence of a euro effect, there is evidence that intra-EU trade flows have expanded faster than the …

balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for …

The paper uses fiscal reaction functions for a panel of euro-area countries to investigate whether euro membership has … the euro. While we find some evidence for such a loss in prudence, the results are not robust to changes in the …

We estimate that the euro has increased trade within the eurozone by about 26 percent and trade between the eurozone … significant and substantial effects on the extensive margin of trade. The euro effects were concentrated to semi-finished and …

This paper examines the demand and supply shocks observed in the present Eurozone member states and those observed in … some neighboring countries. The analysis is based on recent data and each Eurozone member country is compared with an … aggregate series corresponding to an area made up of the entire Eurozone minus the country being compared. The results of the …