We use a novel disaggregate sectoral euro area dataset with a regional breakdown that allows explicit estimation of the … component explains much less of the variation in sectoral regional inflation rates and exhibits much less volatility than …

I evaluate the effect of inflation targeting on inflation and how it interacts with product market deregulation during … market deregulation, the effect of inflation targeting is quantitatively important and statistically significant. Moreover …, product market deregulation also matters in particular in countries that adopted an inflation targeting regime. I propose a …

estimation. The analysis allows to distinguish between rents that accrue due to single bank lending, rents that accrue due to … relationship lending, and rents that accrue due to the elimination of competition among multiple lenders. We find the relationship …

derived from imperfect competition in markets for financial services is implied, which banks exercise vis-à-vis their loan and … deposit customers. In the past, bank regulation has often been blamed for undermining competition and the functioning of … industry, competition and regulation are deeply interrelated as most regulatory institutions, even if they do not explicitly …

multinational firms. For this purpose we use a modified version of Salop's spatial competition. The model yields clear …

This paper employs a multi-country large scale Overlapping Generations model with uninsurable labor productivity and … welfare, our model suggests that young agents with little assets and currently low labor productivity gain, up to 1% in …