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export markets. To date, the analysis of demand factors has received much less attention. We propose a new model where …
Persistent link: https://www.econbiz.de/10013054083
The paper proposes a theoretical framework for explaining gains and losses in export market shares by considering both … price and non-price determinants. Starting from a demand-side model à la Armington (1969), we relax several restrictive … for the major world exporters (G7 and BRIC countries) reveals the dominant role of non-price factors in explaining the …
Persistent link: https://www.econbiz.de/10013059580
output volatility. In this vein, our paper investigates whether exporting and export diversification at the firm level have … an effect on the output volatility of firms. We use large representative firm-level databases from Estonia, Hungary … large negative shocks in export markets. In contrast to the literature and empirical findings for large or advanced …
Persistent link: https://www.econbiz.de/10012992414
2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices … change, which compares with 19.3% in the United States; when we exclude price changes due to sales, however, the proportion … of prices adjusted each month is 8.5% in the euro area versus 10% in the United States; (ii) differences in price …
Persistent link: https://www.econbiz.de/10013367999
I study the transmission of monetary policy to deposit rates in the euro area with a focus on asymmetries and the role of banking sector concentration. Using a local projections framework with 2003-2023 country-level and bank-level data for thirteen euro area member states, I find that deposit...
Persistent link: https://www.econbiz.de/10014543678
This paper uses a model of import prices whereby exporters to the euro area set export prices partly as a mark-up on … through of changes in the effective exchange rate of the euro to the price of extra-euro area imports of manufactures is …
Persistent link: https://www.econbiz.de/10011604265
export price channel which, in turn, would tend to homogenise price movements across the member countries of a monetary union. … speed at which price shocks are transmitted across members' goods markets. This paper investigates part of this mechanism … and finds that monetary union may indeed result in faster cross-border transmission of price movements via the import and …
Persistent link: https://www.econbiz.de/10011604284
This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is concerned with volume data, a less developed field of research compared with studies on prices/rates. We first set out a methodological framework, a mixture of elementary and more...
Persistent link: https://www.econbiz.de/10011604346
This paper examines the degree of price rigidity in Belgian consumer prices, using a large database. As to the observed …. Each month, nearly 17 p.c. of the consumer prices change on average and the median duration of a price spell is close to 13 … timedependency exists as well. The majority of price changes are price increases, but price decreases are not uncommon, except for …
Persistent link: https://www.econbiz.de/10011604377
This study examines price setting behaviour of Italian firms on the basis of the results of a survey conducted by Banca … services where price discrimination across customers matters. Rival prices mostly affect pricesetting strategies in industrial …-dependent ones. Concerning the frequency of price adjustments, a considerable degree of stickiness emerges both at the stage in which …
Persistent link: https://www.econbiz.de/10011604379