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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
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
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
(Why) do prices and inflation rates differ within the euro area? We study the relevance of a national border for …-level inflation rates differ for only half of the chains. The results highlight the importance of the history-dependent evolution of … distribution networks and of the structure of the sales organization as a driver of price and inflation heterogeneity. …
Persistent link: https://www.econbiz.de/10013552597
We empirically investigate the proposition that firms charge premia on cash prices in transactions involving trade credit. Using a comprehensive Swedish panel dataset on product-level transaction prices and firm-characteristics, we relate trade credit issuance to price setting. In a recession...
Persistent link: https://www.econbiz.de/10011857364
between inflation dynamics and rising market concentration. …
Persistent link: https://www.econbiz.de/10014414283
stickiness and price dispersion. We demonstrate that calculations of price inflation require conditioning not only on CPU quality …
Persistent link: https://www.econbiz.de/10012419306