prices, productivity levels and markups as functions of openness to trade at a sectoral level. The theory lends itself … evidence that trade openness exerts a competitive effect, with prices and markups falling and productivity rising. Consistent …

prices, productivity levels and markups as functions of openness to trade at a sectoral level. The theory lends itself … evidence that trade openness exerts a competitive effect, with prices and markups falling and productivity rising. Consistent …

inflation, while higher income households experienced the least import price inflation during our time period. Thus, we do not …

effect on inflation dissipates quickly whereas the effect on wage inflation is relatively persistent. Increases in oil prices … markup variation. Changes in market structure and trend inflation, however, do not appear to account for the upward trend in …

prices, productivity levels and markups as functions of openness to trade at a sectoral level. The theory lends itself … evidence that trade openness exerts a competitive effect, with prices and markups falling and productivity rising. Consistent …

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

This paper studies the effect of competitive pressures on inflation dynamics. To this end it derives and estimates a … their market power. By taking into account the number of competitors, the pass-through of real marginal cost on inflation is … of real marginal cost on inflation is stronger than that found in the empirical test of the standard model. The estimated …

misattribute higher prices to higher markups; they perceive transactions as less fair, which increases the price elasticity of … their demand for goods; firms respond by reducing markups; in equilibrium, output increases. By raising perceived markups …

misattribute higher prices to higher markups; they perceive transactions as less fair, which increases the price elasticity of … their demand for goods; firms respond by reducing markups; in equilibrium, output increases. By raising perceived markups …