Kouvavas, Omiros; Osbat, Chiara; Reinelt, Timo; … - 2021
output and unemployment. We show that an increasing share of high markup firms is part of the explanation of why inflation …Price inflation in the euro area has been stable and low since the Global Financial Crisis, despite notable changes in … remained stubbornly stable and low in the euro area over the past two decades. For this purpose, we exploit a rich firm …