in the manufacturing and ICT sectors, private sector firms, and firms with higher initial markups. Firms in sub …-Saharan Africa tend to experience signficantly lower markups after allowing greater trade integration. The effects of trade …

markups during 2000- 2015. Second, the markup increase is driven by already high-markup firms (top decile of the markup … distribution) that charge increasing markups. Third, markups increased mostly among advanced economies but not in emerging markets …. Fourth, there is a non-monotonic relation between firm size and markups that is first decreasing and then increasing. Finally …

consistent with output at its potential and constant inflation. An important implication of our analysis is that increased …-its subsequent and protracted decline accompanied by lower inflation. The analysis has important implications for monetary policy and …

We investigate theoretically and empirically how exporters adjust their markups across destinations depending on … unit, our model predicts that markups rise with distance and fall with tariffs, but these effects are heterogeneous and are …

sectors with high markups, such as professional services, would primarily benefit from removing entry barriers. Sectors with a …

heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most …

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the … findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad … retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing …

currency by keeping inflation low and steady. This paper provides evidence that monetary policy tightening aimed at maintaining … low and stable inflation could at the same time reduce consumption inequality over a 12-18 month horizon, commonly … benefit mainly from lower inflation. By contrast, the real consumption of individuals at higher ends of the consumption …