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, Germany's exports are less vulnerable to price increases, while exports from France and Italy respond strongly to price …What explains Germany's superb export performance? Is Germany's export behaviour very distinct compared to other …-wage countries reduces costs allowing exporters to compete on price. Second, we find that Germany is the leading quality exporter in …
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This paper studies the importance of firm-level price markup dynamics for business cycle fluctuations. Using state-of-the-art IO techniques to measure the behavior of markups over the business cycle at the firm level, I find that markups are countercyclical with an average elasticity of -1.1...
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