This paper finds that U.S. consumer prices fell substantially due to increased trade with China. With comprehensive … China causes a 1.91% decline in consumer prices. This price response is driven by declining markups for domestically …

The Producer Price Index (PPI) for the United States suggests that semiconductor prices have barely been falling in … improve at a rapid pace. Over the course of the 2000s, the MPU prices posted by Intel, the dominant producer of MPUs, became … measure of price change since then. MPU prices fell rapidly through 2004 on every price measure we present, with the PPI …