We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … and significant impact on sectoral prices. Increased openness lowers prices by both reducing markups and raising … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …

exercised a counter-inflationary leadership role in the 1980s. Evidence is provided that expectations of German inflation may be … thought of as having impacted more strongly on expectations of inflation in other EMS countries in the EMS period than on non …-EMS countries (the UK) and in earlier periods. Co-integration tests show inflation rates in partner EMS member countries to be …

This paper analyzes the contribution of the minimum wage to the well documented rise in earnings inequality in Mexico …

We examine the effect of the minimum wage on restaurant prices. For that purpose, we estimate a price rigidity model by … and significant impact of the minimum wage on prices. We obtain that the effect of the minimum wage on prices is very … protracted. The aggregate impact estimated with our model takes more than a year to fully pass through to retail prices. …

We explore the properties of velocity in a model where agents are required by law to use money to pay taxes, but not … consumption velocity very closely during the high-inflation years. …

This paper compares how cash and in-kind transfers affect local prices. Both types of transfers increase the demand for … normal goods, but only in-kind transfers also increase supply. Hence, in-kind transfers should lead to lower prices than cash … Mexico that randomly assigned villages to receive boxes of food (trucked into the village), equivalently-valued cash …

This Paper documents four basic facts about investment goods and investment prices. First, investment has a very …