This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after …

of pricing behavior. The effect of market structure on persistence of inflation results from two conflicting forces …. Increased competition may reduce persistence by increasing the frequency of price changes. In contrast, higher competition may … non-tradable sectors, suggesting that higher competition is not conducive to lower persistence. Furthermore, we find that …

During the last two decades, the world has experienced a remarkable process of disinflation, with average inflation … rates in industrialized countries falling by 10 percentage points and an even sharper decline of the mean rate of inflation … in developing countries. Parallel to the decline in inflation rates, a tremendous increase in economic integration …

In this paper we explore the link between the intensity of product market competition and inflation rates across EU … product market competition, as proxied by the level of mark-up in particular, is an important driver of inflation … product market competition reduces average inflation rates for a prolonged period of time. Moreover, results both at the …

policy perspective, it highlights the importance of structural reforms that help enhance competition in this sector. This …

This paper shows that inflation in industrialized countries is largely a global phenomenon. First, inflations of (22 … associated to Global Inflation is not only due to the trend components of inflation (up from 1960 to 1980 and down thereafter …) but also to fluctuations at business cycle frequencies. Second, Global Inflation is, consistently with standard models of …

We use a novel disaggregate sectoral euro area dataset with a regional breakdown that allows explicit estimation of the … component explains much less of the variation in sectoral regional inflation rates and exhibits much less volatility than …

prices with respect to the euro area: productivity growth and increased trade openness. Productivity growth can have a … productivity growth a positive one on price level convergence with respect to the euro area. …

establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation. …We analyze the welfare cost of inflation in a model with cash-in-advance constraints and an endogenous distribution of …

Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket … lay the theoretical base followed by a descriptive view on the relation between inflation, growth and tax revenues in the … reveal that an end of inflation would have a negative impact on tax revenues for a number of OECD countries. The results also …