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We analyze the effect of import competition on household balance sheets from 2000 to 2007 using individual data on … manufacturing industries are more exposed to import competition. A one standard deviation increase in exposure to import competition …
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This paper analyzes the potential effect of global market competition on inflation dynamics. It does so through the lens of the Calvo model of staggered price setting, which implies that inflation depends on expected future inflation and a measure of marginal costs. I modify the assumption of a...
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