Figure 6.
Generalized impulse response functions (GIRFs) of six EU member states’ extra-EU cheese export prices after a positive one-standard-error shock to extra-EU cheese export price (bootstrap median estimates). (a) GIRFs after a shock to France’s extra-EU export price. (b) GIRFs after a shock to Germany’s extra-EU export price. (c) GIRFs after a shock to Ireland’s extra-EU export price. (d) GIRFs after a shock to Italy’s extra-EU export price. (e) GIRFs after a shock to the Netherlands’ extra-EU export price. (f) GIRFs after a shock to the UK’s extra-EU export price. (g) GIRFs after a shock to the rest of the EU’s extra-EU export price. (h) legend.

