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firms' market power in explaining inflation, and in favor of the "sellers' inflation" hypothesis (Weber and Wasner (2023 … changes in costs. Using a rich dataset on French manufacturing firms' balance sheets, we first estimate markups at the firm … energy prices, depending on average market power within sectors. We show that, in sectors with higher markups, prices …
Persistent link: https://www.econbiz.de/10014303735
opposite is the case with markups. If they increase in reaction to higher prices, they contribute to further price increases …
Persistent link: https://www.econbiz.de/10014331852
financial shock, firms in financially weak countries (the periphery) maintain{{p}}cashflows by raising markups--in both domestic … and export markets--while firms in financially strong countries (the core) reduce markups, undercutting their financially …
Persistent link: https://www.econbiz.de/10011932300
In this paper, I use firm-level data from Compustat to document the evolution of markups among listed U.S. non … obfuscates that firms with low pre-pandemic markups command notable markup growth in both 2021 and 2022. Third, I document key … accounts of profit inflation, wherein U.S. firms' market power allowed them to maintain - and, for some firms, increase - their …
Persistent link: https://www.econbiz.de/10015057213
factor prices has a positive effect on markups. We show theoretically that firms with higher shares of inputs with volatile … prices set higher markups. We use the Bartik shift-share approach to empirically test whether firms which use more oil … relative to other inputs set higher markups when oil prices are more volatile. Our estimates imply that a one standard …
Persistent link: https://www.econbiz.de/10012695355
Inflation affects the purchasing power of households. This paper documents large, idiosyncratic inflation differences … between households in their everyday shopping. Low-income households have experienced higher inflation in the last ten years … inflation differences within countries. Between countries, multinational retail chains not only differentiate products by …
Persistent link: https://www.econbiz.de/10014316426
networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more …
Persistent link: https://www.econbiz.de/10010494114
sectoral regional inflation rates and exhibits much less volatility than previous findings for the US indicate. We further … role in addition to the sector-specific factors, emphasising heterogeneity of inflation dynamics along different dimensions …
Persistent link: https://www.econbiz.de/10010394236
Globalization has given rise to new concerns that domestic inflation is caused by global developments, especially in … paper explores the role of globalization, if any, for inflation, particularly in Switzerland, one of the smallest and most … open economies where the globalization hypothesis should be most relevant, but where inflation historically has been among …
Persistent link: https://www.econbiz.de/10013071611
Co-movement (synchronicity) in inflation rates among a set of 13 emerging and developing countries in Asia is shown to … food-inflation co-movement. By contrast, cross-country co-movement in core inflation is weak and the aforementioned … inflation. In the context of the growing literature on the globalization of inflation, these results suggest that common weather …
Persistent link: https://www.econbiz.de/10012865120