This paper considers the macroeconomic effects of retailers' market concentration and buyer-size discounts on inflation … buyer-size discounts did not cause deflation; rather, they caused inflation of 0.1% annually. This arose from an increase in …

. The positive welfare-maximizing inflation rate optimally trades off the efficiency gains from lower markups and the …In standard macroeconomic models, the costs of inflation are tightly linked to the price dispersion of identical goods …. Therefore, understanding how price dispersion empirically relates to inflation is crucial for welfare analysis. In this paper, I …

inflation compared to industries with low-competition in the past few years. Further investigation shows that this …-competition have higher annual producer price inflation on average than those that are characterized with high-competition especially …

-chain pressures eased, these firms were able to further increase markups due to the stickiness of inflation expectations. The …We document how supply-chain pressures, household inflation expectations, and firm pricing power interacted to induce … the pandemic-era surge in consumer price inflation in the euro area. Initially, supply-chain pressures increased inflation …

competition by adding a new approach for estimating markups and investigating the annual rate of inflation, price variance and …This study supplements previous empirical work on the relationship between the average rate of inflation and … price levels. Subject to certain qualifications, markups can be interpreted as indicators for competition intensity. Our …

Economists on "The evolving inflation process" which the BIS hosted on 28-29 October 2005. The paper first discusses efforts to … document the univariate statistical properties of inflation and how they have changed over the last decades. It then reviews … studies of disaggregated or micro inflation data and evidence from surveys of firms concerning their pricing behaviour. Using …

This paper examines the effect of inflation on productivity growth in Australia. Broad historical correlations suggest … a negative relationship between inflation and aggregate productivity growth. The low-frequency nature of the … significant results with industry-level inflation explaining industry productivity. We also find that the relationship varies by …