Kouvavas, Omiros; Osbat, Chiara; Reinelt, Timo; … - 2021
high-markup sectors responds significantly less to oil supply, global demand and euro area monetary policy shocks. …Price inflation in the euro area has been stable and low since the Global Financial Crisis, despite notable changes in … remained stubbornly stable and low in the euro area over the past two decades. For this purpose, we exploit a rich firm …