concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry … constructed measures of entry regulations and M and As. We conclude that entry costs have risen in the U.S. over the past 20 years …

: (1) distribution expenses are large - they amount to over half of labor costs; (2) plants in the largest decile …, distribution costs as a share of sales declined by one third. We develop a model of heterogeneous manufacturing firms that rely on … share. In combination with the model, these trends suggest largescale decreases in both variable and fixed costs of …

This paper reviews how recent studies of banking crises differ with regard to the dating, length, and costs of the … crisis costs. Cross-sectional evidence does not show that the length of a crisis is a significant contributor to its …

This paper proposes a new effect of firing costs on firms'' behavior that builds from firms'' demand for liquidity … firing costs reduces the value of labor''s liquidity service, which affects firms'' demand for liquidity, and thus, firms …'' demand for inputs. In addition to this negative effect at the creation margin, I also show that firing costs imply relatively …

aftermath of the global financial crisis as CCA countries have entered a relatively low inflation environment. The pass …-through estimates could be used by the CCA monetary authorities for inflation projections. The absence of non-linearities in the pass … region is not likely to impose additional inflationary costs …

distinguishing characteristic of generally greater scalability and lower marginal costs than tangible investment. We show evidence … that this may have contributed to more elastic aggregate supply in recent years, which is consistent with lower inflation …