Exchange Rate Pass-Through And The Welfare Effects Of The Euro*
نویسندگان
چکیده
منابع مشابه
Rate Pass - through and the Welfare Effects of the Euro
This article explores the implications of the European single currency within a simple sticky price intertemporal model. We focus on the question of how the euro may change the sensitivity of consumer prices in Europe to exchangerate changes. Our central conjecture is that the acceptance of the euro will lead European prices to become more insulated from exchange-rate volatility. We find that t...
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ژورنال
عنوان ژورنال: International Economic Review
سال: 2003
ISSN: 0020-6598,1468-2354
DOI: 10.1111/1468-2354.t01-1-00068