detailed customs and firm-product-level data from Portugal. We use exchange-rate movements as a source of variation in export …

exchange rate and consumer price inflation. Theoretical open-economy macroeconomic models ‘cover the waterfront’ on this issue …

negotiated bilaterally, codifying many elements in addition to price. We model such bilateral oligopolies as a set of … simultaneous Rubinstein-Ståhl bargainings between pairs of buyers and sellers, over contracts specifying price and quantity …. Equilibrium quantities are efficient regardless of concentration. The law of one price does not hold. Prices depend on …

How do aggregate wealth-to-income ratios evolve in the long run and why? We address this question using 1970 … able to extend our analysis as far back as 1700. We find in every country a gradual rise of wealth-income ratios in recent … observed in Europe in the eighteenth and nineteenth centuries (600-700%). This can be explained by a long run asset price …

This article offers an overview of the empirical and theoretical research on the long run evolution of wealth and … inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up untilWorldWar …, the long run magnitude and concentration of wealth and inheritance are an increasing function of r — g, where r is the net …

wealth elasticities of demand for a range of assets and liabilities. We test the frequently made assumption of constant …