This paper analyzes the joint dynamics of prices, output and employment across firms. We develop a dynamic equilibrium … productivity and demand shocks have distinct implications for the firms' output and price adjustments. Using panel data on prices … productivity and demand for the labor market and the dispersions of prices and labor productivity. We further analyze the impact of …

. Most firms revise downward their expectations for sales, orders, employment, and investment, while prices are expected to … higher prices, relative to unconstrained firms. The search for and availability of liquidity is a key determinant of firms …

that it has specific benefits in terms of reducing prices, creating jobs, or increasing wages. While economists often … emphasize the consumer benefits of trade due to lower prices, only 20-40% of survey respondents in most countries perceive such …

exploit quasi-random variation in road placement to estimate causal effects. We find that roads increase producer prices by 1 ….4 SD, reduce consumer prices by 0.6 SD, shift labor from agriculture to local casual work, and decrease short …

This paper studies how output prices are affected by increases in the minimum wage. To the best of our knowledge, we … provide the first examination of how the prices of an entire menu of items at a single business adjust in response to a … prices by 7 cents, implying a pass-through elasticity of around 0.13. We also study how the price response across individual …