franchise value, price-drop and recapitalization channels. The speed of entry of new banks after a collapse has a stabilizing …

We study the cyclical properties of sales, regular price changes and average prices paid by consumers ("effective …

This paper assesses the dynamic pass-through of crude oil price shocks to retail fuel prices using a novel database on … crude oil prices per liter translates into a 1.2 cent increase in the retail gasoline price at peak level six months after … to two cents in advanced economies. The results also show that positive oil price shocks have a larger impact than …

Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in … relative price of tangible tradable capital goods provided a significant impetus to the capital deepening that took place … during the same time period. The broad-based decline in the relative price of machinery and equipment, in turn, was driven by …

This paper estimates the magnitude and speed of tax pass-through across tobacco products at different price points in … findings are likely to be attributable to competitive market pressures, especially at the budget end of the price spectrum …

. The differences are well explained by the other shocks identified in the model, in particular the oil price shocks of the …

copper price boom, the higher copper price and associated capital inflows create upward pressure on the real exchange rate …

Motivated by stylized facts pointing to a dominant role of imported inputs in transmitting external price shocks to … approach constructs effective input price indices from sector-level price data combined with sector-level information on input …