Using a general-equilibrium simulation model featuring nominal rigidities and monopolistic competition in product and … labor markets, this paper estimates the macroeconomic benefits and international spillovers of an increase in competition …, greater competition produces large effects on macroeconomic performance, as measured by standard indicators. In particular, we …

We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general …-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions … after calibrating the model to the euro area against the rest of the industrial world. First, greater competition produces …

competition in the Italian services sector. Our results indicate that reducing the service sector markups to the levels of the …The paper assesses the effects of increasing competition in the service sector in Italy which, based on cross …-country comparisons, is the OECD country with the highest markups in non-manufacturing industries. We propose a two-region (Italy and the …

We assess the short- and medium-term macroeconomic effects of competition-friendly reforms in the service sector when …

This paper evaluates the macroeconomic effects of simultaneously implementing fiscal consolidation and competition … joint implementation of reforms has additional expansionary effects on long-run economic activity. Increasing competition in …