framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes …. This in turn allows us to measure how changes in TFP-Q, demand and markups ultimately affected revenue TFP, as well as …-recession is due to both a weakening of demand and a decreasing TFP-Q pushing down sales, markups, revenue TFP and labour …

that housing preference (demand) and technology shocks are the main drivers of fluctuations in house prices and residential … regression analysis shows that a good part of the variation of housing preference shocks is explained by unmodeled demand factors …

We assess how demand and supply shocks (identified via the Blanchard and Quah (1989) SVAR approach) in 14 OECD … countries affect mark-ups. We find that individual responses of markups to demand shocks push down the markup for most countries … (confirmed in the panel analysis). On the other hand, a supply shock has a more mixed effect …