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This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10011376318
This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10011346864
In this paper, we evaluate the first-stage pass-through, namely the responsiveness of import prices to the exchange rate changes, for a sample of euro area (EA) countries. Our study aims to shed further light on the role of microeconomic factors vs. macroeconomic factors in influencing the...
Persistent link: https://www.econbiz.de/10011611289
In this paper, we evaluate the first-stage pass-through, namely the responsiveness of import prices to the exchange rate changes, for a sample of euro area (EA) countries. Our study aims to shed further light on the role of microeconomic factors vs. macroeconomic factors in influencing the...
Persistent link: https://www.econbiz.de/10011613008
The free movement of people and of workers (intra EU mobility) is one of the corner-stones of the EU. It has … overwhelmingly benefitted the citizens of the EU member states both in the countries of work and in the countries of origin. Earlier … and large refuted. At the same time, EU mobility policies still need a significant deepening and upgrading, to deal with …
Persistent link: https://www.econbiz.de/10011614195
A sustainable EU Immigration Policy aims to contribute to a vibrant European society through more effectively and … selectively managed immigration from outside the EU, more attention to integration of immigrants, more rooting out of … have settled. Immigration from outside the EU is often opposed, mainly because of sluggish integration combined with …
Persistent link: https://www.econbiz.de/10011637960
This paper provides an update on the exchange rate pass-through (ERPT) estimates for 12 euro area (EA) countries. First, based on quarterly data over the 1990-2012 period, our study does not find a significant heterogeneity in the degree of pass-through across the monetary union members, in...
Persistent link: https://www.econbiz.de/10010518820
responding to changing labor shortages across countries, skill-groups or industries. The diversity across EU member states … enables us to test this hypothesis across various institutional, economic and policy contexts. Drawing on the EU LFS and EU … shortages exceeds that of natives in the EU15, in particular in member states with higher unemployment rates, higher levels of …
Persistent link: https://www.econbiz.de/10011283156
investigations on the effects of immigration from new EU member states and Eastern Partnership countries on the economies of old EU … EU member states on old member states’ GDP, GDP per capita, and employment rate and a negative effect on output per …-to-labor ratio. These results mark an economic success of the EU enlargements and EU’s free movement of workers. …
Persistent link: https://www.econbiz.de/10012111788
-à-vis the core EU member states (EU-15) over the period 1990-2006. Specifically, we focus on whether there is a shift towards …
Persistent link: https://www.econbiz.de/10003824097