Pass-through of external shocks along the pricing chain: A panel estimation approach for the euro area



CONTENTS

Abstract                                             4

Non-technical summary                           5

1  Introduction                                        7

2  Data and estimation technique                   9

3  Estimation results                               12

4  Concluding remarks                          25

References                                       26

Appendices                                    27

European Central Bank Working Paper Series      32

ECB ■

Working Paper Series No 1104
November 2009∣     3



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