This paper provides estimates of price-marginal cost ratios or markups for 50 sectors in 8 euro area countries and the … KLEMS March 2007 database. Five stylized facts are derived. First, perfect competition can be rejected for almost all …

the link between external rebalancing and relative price adjustment. We find that neglect of inputs distorts … price through several opposing channels. (1) Mismeasured imported inputs exaggerate economic openness and understate the … price response to rebalancing. (2) Mismeasured domestic inputs increase cross-sectoral asymmetry in openness, leading to an …

unexpected gas price supply shocks on HICP inflation in the euro area and its four largest economies. In comparison to oil price … shocks, gas price shocks have approximately one-third smaller pass-through to headline inflation. Country-specific results … indicate gas price increases matter more for German, Spanish and Italian inflation than for French inflation, hinging on the …

In this paper we explore the link between the intensity of product market competition and inflation rates across EU … over time and as alternative proxies of competition we use the level of mark-up, profit margin, the profit rate and a … survey based “intensity of competition” variable. Results for both aggregate and sectoral panels show that the extent of …

This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and … deposits during the 1994-2004 period, using a novel measure of competition called the Boone indicator. We find evidence that … stronger competition implies significantly lower spreads between bank and market interest rates for most loan market products …

agencies (CRAs). To this end, it introduces a heterogeneous competition model for credit and ratings markets. Frictions among …

augmented the effect of competition on realised bank risk (i.e. more intense competition and greater use of securitisation is … impact of competition on realised risk. It follows that cooperation between supervisory and competition authorities is …

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 …