Exchange-Rate Pass-Through to Import Prices in the Euro Area

This paper presents an empirical analysis of transmission rates from exchange rate movements to import prices, across countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of exchange rate changes to import prices in the short run is high, although incomplete, and that it differs across industries and countries; in the long run, exchange rate pass-through is higher and close to one. We find no strong statistical evidence that the introduction of the euro caused a structural change in this transmission. Although estimated point elasticities seem to have declined since the introduction of the euro, we find little evidence of a structural break in the transmission of exchange rate movements except in the case of some manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to experience reduced rates of exchange rate pass-through to import prices. Exchange rate changes continue to lead to large changes in import prices across euro-area countries.

On a determinantal formula of Tadić

We study a special class of irreducible representations of GLn over a local non-Archimedean field which we call ladder representations. This is a natural class in the admissible dual which contains the Speh representations. We show that the Tadić determinantal formula is valid for this class and analyze the standard modules pertaining to these representations.Agence Nationale de la RechercheEngineering and Physical Sciences Research CouncilMinisterio de Ciencia e InnovaciónFondo Europeo de Desarrollo Regiona

Tratamiento Actual del Pie Zambo

El pie zambo es una deformidad congénita en la que el pie presenta una deformidad en equino, varo de retropié, aductus del antepié y cavo. Su tratamiento ha variado con el tiempo. Clásicamente se trataba mediante distintas técnicas quirúrgicas que permitían corregir todas las deformidades pero que se acompañaban de frecuentes complicaciones a corto y largo plazo. Actualmente el tratamiento más extendido de esta deformidad es el tratamiento conservador mediante la técnica de Ponseti que consiste en la aplicación de una secuencia específica de manipulaciones y yesos, una tenotomía del tendón de Aquiles, el uso de una ortesis y estrategias para tratar posibles recidivas. A continuación describimos las características de esta deformidad así como su tratamiento actuaClubfoot is a congenital deformity in which the foot has a deformity in equinus, varus of the hindfoot, adductus of the forefoot and cavus. Its treatment has varied over time. Classically different surgical techniques were used, allowing the correction of all deformities, but they were accompanied by frequent short and long term complications. Currently, the most widespread treatment of this deformity is the conservative treatment by the Ponseti technique, which involves the application of a specific sequence of manipulations and casting, an Achilles tenotomy, the use of a brace and strategies to deal with potential recurrences. Here we describe the features of this deformity and its current treatment