positively correlated with the lagged price level in settings where market power is likely to be particularly strong (UK on … different degrees of market competition, as the evidence seems to suggest. Price fluctuations are modelled as the outcome of … dynamics in both sides of the market - demand and supply, which in turn respond to shocks to the underlying preference and …

positively correlated with the lagged price level in settings where market power is likely to be particularly strong (UK on … different degrees of market competition, as the evidence seems to suggest. Price fluctuations are modelled as outcomes of … dynamics in both sides of the market - demand and supply, which in turn respond to shocks to the underlying preference and …