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Virgiliu Midrigan

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. George Alessandria & Joseph Kaboski & Virgiliu Midrigan, 2012. "Trade Wedges, Inventories, and International Business Cycles," NBER Working Papers 18191, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Trade Wedges, Inventories, and International Business Cycles
      by Christian Zimmermann in NEP-DGE blog on 2012-07-10 19:10:47
  2. Virgiliu Midrigan & Elena Pastorino & Patrick Kehoe, 2014. "Debt Constraints and Unemployment," 2014 Meeting Papers 1118, Society for Economic Dynamics.

    Mentioned in:

    1. Debt Constraints and Unemployment
      by Christian Zimmermann in NEP-DGE blog on 2015-03-23 09:29:05

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2010. "Inventories, Lumpy Trade, and Large Devaluations," American Economic Review, American Economic Association, vol. 100(5), pages 2304-2339, December.

    Mentioned in:

    1. Inventories, Lumpy Trade, and Large Devaluations (AER 2010) in ReplicationWiki ()

Working papers

  1. Andres Blanco & Corina Boar & Callum J. Jones & Virgiliu Midrigan, 2024. "Nonlinear Dynamics in Menu Cost Economies? Evidence from U.S. Data," Finance and Economics Discussion Series 2024-076, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Jonas Andersson & Øivind Anti Nilsen & Hans J. Skaug, 2026. "Mixed Frequency Data in a Heterogenous Sticky Price Model," CESifo Working Paper Series 12379, CESifo.
    2. Elisa Guglielminetti & Alessandro Lin & Andrea Tiseno, 2025. "The many shades of uncertainty and monetary policy," Questioni di Economia e Finanza (Occasional Papers) 978, Bank of Italy, Economic Research and International Relations Area.

  2. Andres Blanco & Corina Boar & Callum J. Jones & Virgiliu Midrigan, 2024. "Nonlinear Inflation Dynamics in Menu Cost Economies," FRB Atlanta Working Paper 10, Federal Reserve Bank of Atlanta.

    Cited by:

    1. Pablo Cuba-Borda & Jean-Paul L'Huillier, 2025. "Inflation is a Supply Phenomenon," Working Papers 137, Brandeis University, Department of Economics and International Business School.
    2. Adnan Velic, 2025. "On Inflation Dynamics: International Comovements, Nonlinearities, and Persistence," Trinity Economics Papers tep1825, Trinity College Dublin, Department of Economics, revised Jan 2026.
    3. Mishel Ghassibe & Boromeus Wanengkirtyo & Ivan Yotzov, 2025. "Intertemporal Pass-Through," Working Papers 1524, Barcelona School of Economics.
    4. Kakuho Furukawa & Yoshihiko Hogen & Kazuki Otaka & Nao Sudo, 2024. "On the Zero-Inflation Norm of Japanese Firms," IMES Discussion Paper Series 24-E-15, Institute for Monetary and Economic Studies, Bank of Japan.
    5. Jonathon Hazell, 2024. "Comment on "The Dominant Role of Expectations and Broad-Based Supply Shocks in Driving Inflation"," NBER Chapters, in: NBER Macroeconomics Annual 2024, volume 39, pages 277-290, National Bureau of Economic Research, Inc.
    6. Jonas Andersson & Øivind Anti Nilsen & Hans J. Skaug, 2026. "Mixed Frequency Data in a Heterogenous Sticky Price Model," CESifo Working Paper Series 12379, CESifo.

  3. Andres Blanco & Corina Boar & Callum J. Jones & Virgiliu Midrigan, 2024. "The Inflation Accelerator," FRB Atlanta Working Paper 12, Federal Reserve Bank of Atlanta.

    Cited by:

    1. Meyer, Brent H. & Sheng, Xuguang Simon, 2025. "Unit cost expectations: Firms’ perspectives on inflation," European Economic Review, Elsevier, vol. 174(C).
    2. Ko Munakata, 2026. "A tractable menu cost model with an aggregate markup drift," BIS Working Papers 1327, Bank for International Settlements.
    3. Hashmat Khan & Sergio Lago Alves, 2025. "Are New Keynesian Models Useful When Trend Inflation is Not Very Low?," Carleton Economic Papers 25-01, Carleton University, Department of Economics.

  4. Joseph P. Kaboski & Molly Lipscomb & Virgiliu Midrigan & Carolyn Pelnik, 2022. "How Important are Investment Indivisibilities for Development? Experimental Evidence from Uganda," NBER Working Papers 29773, National Bureau of Economic Research, Inc.

    Cited by:

    1. Julián Arteaga & Nicolás de Roux & Margarita Gáfaro & Ana Mar√≠a Ib√°√±ez & Heitor Pellegrina, 2025. "Farm Size Distribution, Weather Shocks, and Agricultural Productivity," Documentos CEDE 21308, Universidad de los Andes, Facultad de Economía, CEDE.
    2. Aggarwal, Shilpa & Jeong, Dahyeon & Kumar, Naresh & Park, David Sungho & Robinson, Jonathan & Spearot, Alan, 2024. "Shortening the path to productive investment: Evidence from input fairs and cash transfers in Malawi," Journal of Development Economics, Elsevier, vol. 170(C).

  5. Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2022. "Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle," NBER Working Papers 29794, National Bureau of Economic Research, Inc.

    Cited by:

    1. Mouabbi, Sarah & Renne, Jean-Paul & Sahuc, Jean-Guillaume, 2024. "Debt-stabilizing properties of GDP-linked securities: A macro-finance perspective," Journal of Banking & Finance, Elsevier, vol. 162(C).
    2. Schmidt, Lawrence D.W., 2025. "Climbing and falling off the ladder: Asset pricing implications of labor market event risk," Journal of Financial Economics, Elsevier, vol. 172(C).
    3. Freund, L. B. & Lee, H. & Rendahl, P., 2022. "The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation," Cambridge Working Papers in Economics 2251, Faculty of Economics, University of Cambridge.
    4. Miroslav Gabrovski & Ioannis Kospentaris & Lucie Lebeau, 2024. "The Macroeconomics of Labor, Credit and Financial Market Imperfections," Working Papers 2409, Federal Reserve Bank of Dallas.
    5. Andrew Yizhou Liu, 2025. "Strategic Complementarity in Labor Demand: Evidence from US Industry Leading Firms," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 57, July.
    6. Bingsong Wang, 2023. "The fundamental surplus revisited," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 1-15, December.
    7. Miescu, Mirela & Mumtaz, Haroon & Theodoridis, Konstantinos, 2024. "Non-linear Dynamics of Oil Supply News Shocks," Cardiff Economics Working Papers E2024/18, Cardiff University, Cardiff Business School, Economics Section.
    8. Rich Ryan, 2024. "Unemployment volatility: When workers pay costs upon accepting jobs," International Journal of Economic Theory, The International Society for Economic Theory, vol. 20(3), pages 303-333, September.

  6. Corina Boar & Denis Gorea & Virgiliu Midrigan, 2022. "Why Are Returns to Private Business Wealth So Dispersed?," NBER Working Papers 29705, National Bureau of Economic Research, Inc.

    Cited by:

    1. Stephen Ayerst & Duc Nguyen & Diego Restuccia, 2024. "The Micro and Macro Productivity of Nations," Working Papers tecipa-779, University of Toronto, Department of Economics.
    2. Yoshiki Ando, 2024. "Dynamics of High-Growth Young Firms and the Role of Venture Capitalists," PIER Working Paper Archive 24-012, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.

  7. Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020. "Asset Prices and Unemployment Fluctuations," Working Papers 20-10, Federal Reserve Bank of Cleveland.

    Cited by:

    1. Lars Ljungqvist & Thomas Sargent, 2021. "The fundamental surplus strikes again," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 41, pages 38-51, July.
    2. Saki Bigio & Eduardo Zilberman, 2020. "Speculation-driven Business Cycles," Working Papers 161, Peruvian Economic Association.
    3. Sebastian Di Tella & Robert E. Hall, 2020. "Risk Premium Shocks Can Create Inefficient Recessions," NBER Working Papers 26721, National Bureau of Economic Research, Inc.
    4. Kudlyak, Marianna & Hall, Robert, 2021. "Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?," CEPR Discussion Papers 15954, C.E.P.R. Discussion Papers.
    5. Indrajit Mitra & Taeuk Seo & Yu Xu, 2021. "High Discounts and Low Fundamental Surplus: An Equivalence Result for Unemployment Fluctuations," FRB Atlanta Working Paper 2021-22, Federal Reserve Bank of Atlanta.
    6. Krivenko, Pavel, 2023. "Asset prices in a labor search model with confidence shocks," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
    7. Mehran Ebrahimian & Jessica Wachter, 2020. "Risks to Human Capital," NBER Working Papers 26823, National Bureau of Economic Research, Inc.
    8. Dou, Winston Wei & Ji, Yan & Wu, Wei, 2021. "Competition, profitability, and discount rates," Journal of Financial Economics, Elsevier, vol. 140(2), pages 582-620.
    9. John B. Donaldson & Rajnish Mehra, 2021. "Average crossing time: An alternative characterization of mean aversion and reversion," Quantitative Economics, Econometric Society, vol. 12(3), pages 903-944, July.
    10. Pierlauro Lopez & David Lopez-Salido & Francisco Vazquez-Grande, 2018. "Risk-Adjusted Linearizations of Dynamic Equilibrium Models," Working papers 702, Banque de France.
    11. Mercan, Yusuf & Schoefer, Benjamin & SedlÃ¡Ä ek, Petr, 2022. "A Congestion Theory of Unemployment Fluctuations," CEPR Discussion Papers 15500, C.E.P.R. Discussion Papers.
    12. Cakici, Nusret & Zaremba, Adam, 2023. "Misery on Main Street, victory on Wall Street: Economic discomfort and the cross-section of global stock returns," Journal of Banking & Finance, Elsevier, vol. 149(C).
    13. Susanto Basu & Giacomo Candian & Ryan Chahrour & Rosen Valchev, 2021. "Risky Business Cycles," Boston College Working Papers in Economics 1029, Boston College Department of Economics, revised 17 Sep 2024.

  8. Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020. "Credit Frictions in the Great Recession," Discussion Papers 2031, Centre for Macroeconomics (CFM).

    Cited by:

    1. Christian Moser & Farzad Saidi & Benjamin Wirth & Stefanie Wolter, 2021. "Credit Supply, Firms, and Earnings Inequality," ECONtribute Discussion Papers Series 086, University of Bonn and University of Cologne, Germany.
    2. Boehl, Gregor & Strobel, Felix, 2024. "The empirical performance of the financial accelerator since 2008," Journal of Economic Dynamics and Control, Elsevier, vol. 167(C).
    3. Yvan Becard & David Gauthier, 2021. "Banks, shadow banks, and business cycles," Bank of England working papers 907, Bank of England.
    4. Ray C. Fair, 2020. "Analysis of Nine U.S. Recessions and Three Expansions," Cowles Foundation Discussion Papers 2260R, Cowles Foundation for Research in Economics, Yale University, revised Jan 2021.
    5. M Alper Çenesiz & Luís Guimarães, 2022. "The cyclicality of job search effort in matching models [Labor supply in the past, present, and future: a Balan ced-Growth perspective]," Oxford Economic Papers, Oxford University Press, vol. 74(4), pages 1195-1213.
    6. Deimantė Teresienė & Greta Keliuotytė-Staniulėnienė & Rasa Kanapickienė, 2021. "Sustainable Economic Growth Support through Credit Transmission Channel and Financial Stability: In the Context of the COVID-19 Pandemic," Sustainability, MDPI, vol. 13(5), pages 1-34, March.
    7. Huixin Bi & Nicolas Petrosky-Nadeau & Nora Traum & Greg Woodward, 2025. "Worker and Firm Search in the Labor Market: Evidence from Classified Advertisements," Working Paper Series 2025-13, Federal Reserve Bank of San Francisco.

  9. Corina Boar & Virgiliu Midrigan, 2020. "Efficient Redistribution," NBER Working Papers 27622, National Bureau of Economic Research, Inc.

    Cited by:

    1. Mukoyama, Toshihiko, 2021. "MIT shocks imply market incompleteness," Economics Letters, Elsevier, vol. 198(C).
    2. Savagar, Anthony, 2021. "Measured productivity with endogenous markups and economic profits," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    3. Makarski, Krzysztof & Tyrowicz, Joanna & Komada, Oliwia, 2022. "Progressing Towards Efficiency: The Role for Labor Tax Progression in Reforming Social Security," IZA Discussion Papers 15100, IZA Network @ LISER.
    4. Chafwehé, Boris & Colciago, Andrea & Priftis, Romanos, 2025. "Reallocation, productivity, and monetary policy in an energy crisis," European Economic Review, Elsevier, vol. 173(C).
    5. Nygaard, Vegard M. & Sørensen, Bent E. & Wang, Fan, 2022. "Optimal allocations to heterogeneous agents with an application to stimulus checks," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
    6. Wilfred Catin Botchuin, 2023. "Inclusive Growth Analysis: Evidence from Côte d’Ivoire," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 76(1), pages 91-134.
    7. Colciago, Andrea & Silvestrini, Riccardo, 2022. "Monetary policy, productivity, and market concentration," European Economic Review, Elsevier, vol. 142(C).

  10. Corina Boar & Virgiliu Midrigan, 2019. "Markups and Inequality," NBER Working Papers 25952, National Bureau of Economic Research, Inc.

    Cited by:

    1. Boyan Jovanovic, 2019. "The entrepreneurship premium," Small Business Economics, Springer, vol. 53(3), pages 555-568, October.
    2. Gagnie Pascal Yebarth, 2025. "On Taxation Policy in Strategic Bilateral Exchange: A review," EconomiX Working Papers 2025-34, University of Paris Nanterre, EconomiX.
    3. Patrick Macnamara & Myroslav Pidkuyko & Raffaele Rossi, 2021. "Marginal tax changes with risky investment," Working Papers 2116, Banco de España.
    4. Eren Gürer, 2022. "Rising markups and optimal redistributive taxation," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(5), pages 1227-1259, October.
    5. Tarek Benjamin Moll & Lukasz Rachel & Pascual Restrepo, 2019. "Uneven Growth: Automation’s Impact on Income and Wealth Inequality," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-333, Boston University - Department of Economics.
    6. Madsen, Jakob & Minniti, Antonio & Venturini, Francesco, 2024. "Declining research productivity and income inequality: A centenary perspective," Journal of Economic Dynamics and Control, Elsevier, vol. 167(C).
    7. Mertens, Matthias & Mottironi, Bernardo, 2025. "Do larger firms exert more market power? Markups and markdowns along the size distribution," Economics Letters, Elsevier, vol. 255(C).
    8. Mertens, Matthias & Mottironi, Bernardo, 2023. "Do larger firms exert more market power? Markups and markdowns along the size distribution," LSE Research Online Documents on Economics 121283, London School of Economics and Political Science, LSE Library.
    9. Mertens, Matthias & Mottironi, Bernardo, 2025. "Do larger firms exert more market power? Markups and markdowns along the size distribution," LSE Research Online Documents on Economics 128958, London School of Economics and Political Science, LSE Library.
    10. Han, Minsoo & Pyun, Ju Hyun, 2021. "Markups and income inequality: Causal links, 1975-2011," Journal of Comparative Economics, Elsevier, vol. 49(2), pages 290-312.
    11. Brian C. Albrecht & Tom Phelan & Nick Pretnar, 2023. "Time Use and the Efficiency of Heterogeneous Markups," Working Papers 23-28, Federal Reserve Bank of Cleveland.
    12. Corina Boar & Matthew Knowles, 2022. "Optimal Taxation of Risky Entrepreneurial Capital," ECONtribute Discussion Papers Series 166, University of Bonn and University of Cologne, Germany.
    13. Benhabib, Jess & Hager, Mildred, 2021. "Revenue diversion, the allocation of talent, and income distribution," Mathematical Social Sciences, Elsevier, vol. 112(C), pages 138-144.
    14. Matthias Kehrig & Nicolas Vincent, 2020. "The Micro-Level Anatomy of the Labor Share Decline," Working Papers 20-12, Center for Economic Studies, U.S. Census Bureau.

  11. Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2018. "Evolution of Modern Business Cycle Models: Accounting for the Great Recession," Staff Report 566, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Vladimir Smirnyagin, 2020. "Compositional nature of firm growth and aggregate fluctuations," Bank of England working papers 846, Bank of England.
    2. Ray C. Fair, 2019. "Some Important Macro Points," Cowles Foundation Discussion Papers 2165R, Cowles Foundation for Research in Economics, Yale University, revised Jul 2019.
    3. Dongxue Wang & Yugang He, 2025. "Navigating Structural Shocks: Bayesian Dynamic Stochastic General Equilibrium Approaches to Forecasting Macroeconomic Stability," Mathematics, MDPI, vol. 13(14), pages 1-25, July.
    4. José Pedro Bastos Neves & Willi Semmler, 2022. "Credit, output and financial stress: A non‐linear LVSTAR application to Brazil," Metroeconomica, Wiley Blackwell, vol. 73(3), pages 900-923, July.
    5. John Stachurski & Junnan Zhang, 2019. "Dynamic Programming with State-Dependent Discounting," Papers 1908.08800, arXiv.org, revised Oct 2020.
    6. Luca Pensieroso & Romain Restout, 2018. "The Gold Standard and the Great Depression: a Dynamic General Equilibrium Model," LIDAM Discussion Papers IRES 2018016, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    7. Smirnyagin, Vladimir, 2023. "Returns to scale, firm entry, and the business cycle," Journal of Monetary Economics, Elsevier, vol. 134(C), pages 118-134.
    8. Leung, Charles Ka Yui, 2022. "Housing and Macroeconomics," MPRA Paper 115500, University Library of Munich, Germany.
    9. Cakici, S. Meral, 2024. "Risk premium in a real business cycle framework," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 111-122.
    10. Olivier CARDI & Romain RESTOUT, 2021. "Sectoral Fiscal Multipliers And Technology In Open Economy," Working Papers of BETA 2021-22, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    11. Bruno Coric & Blanka Peric Skrabic, 2020. "Income Tax Evasion: Recovery from Economic Disasters," CERGE-EI Working Papers wp676, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    12. Thomas Drechsel, 2018. "Earnings-Based Borrowing Constraints and Macroeconomic Fluctuations," 2018 Papers pdr141, Job Market Papers.
    13. Haralambides, Hercules & Bastanifar, Iman & Khan, Kashif Hasan & Shahryari, Zahra, 2024. "Asymmetric distance and business cycles (ΑDBC): A new understanding of distance in international trade models through the example of Iran's trade corridors," The Journal of Economic Asymmetries, Elsevier, vol. 30(C).
    14. Luca Pensieroso & Romain Restout, 2021. "The Gold Standard and the International Dimension of the Great Depression," Working Papers of BETA 2021-21, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    15. Heejeong Kim, 2022. "Inequality, Disaster risk, and the Great Recession," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 45, pages 187-216, July.
    16. Ray C. Fair, 2019. "Some Important Macro Points," Cowles Foundation Discussion Papers 2165, Cowles Foundation for Research in Economics, Yale University.
    17. Michel De Vroey, 2019. "Preface to the Chinese Edition of A History of Macroeconomics from Keynes to Lucas and Beyond," LIDAM Discussion Papers IRES 2019006, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).

  12. Chris Edmond & Virgiliu Midrigan & Daniel Yi Xu, 2018. "How Costly Are Markups?," NBER Working Papers 24800, National Bureau of Economic Research, Inc.

    Cited by:

    1. Díaz, Fernando & Galetovic, Alexander & Muñoz, Roberto & Tapia, Jocelyn, 2024. "Unraveling the price-concentration relationship: The Role of national distribution centers in Chilean supermarket industry consolidation," Economic Modelling, Elsevier, vol. 130(C).
    2. Cavenaile, Laurent & Celik, Murat Alp & Roldan-Blanco, Pau & Tian, Xu, 2025. "Style over substance? Advertising, innovation, and endogenous market structure," Journal of Monetary Economics, Elsevier, vol. 149(C).
    3. Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2019. "Concentration in international markets: evidence from US Imports," Economics Working Papers 1635, Department of Economics and Business, Universitat Pompeu Fabra.
    4. Corina Boar & Virgiliu Midrigan, 2019. "Markups and Inequality," 2019 Meeting Papers 1184, Society for Economic Dynamics.
    5. Ziran Ding & Jose Garcia‐Louzao & Valentin Jouvanceau, 2025. "The dynamics of product and labour market power: Evidence from Lithuania," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 33(1), pages 165-194, January.
    6. Fujiy,Brian C. & Ghose,Devaki & Khanna,Gaurav, 2024. "Production Networks and Firm-level Elasticities of Substitution," Policy Research Working Paper Series 10782, The World Bank.
    7. David W. Berger & Kyle F. Herkenhoff & Simon Mongey, 2019. "Labor Market Power," NBER Working Papers 25719, National Bureau of Economic Research, Inc.
    8. Andrew Atkeson & Ariel Burstein & Manolis Chatzikonstantinou, 2018. "Transitional Dynamics in Aggregate Models of Innovative Investment," Staff Report 573, Federal Reserve Bank of Minneapolis.
    9. Vladimir Asriyan & Alexandre Kohlhas, 2025. "The macroeconomics of data: Scale, product choice, and pricing in the information age," Economics Working Papers 1904, Department of Economics and Business, Universitat Pompeu Fabra.
    10. Isabella Maassen & Filip Mellgren & Jonas Overhage, 2025. "Monopsony Power and Creative Destruction: Static Loss, Faster Growth," CESifo Working Paper Series 11820, CESifo.
    11. Ian Goldin & Pantelis Koutroumpis & François Lafond & Julian Winkler, 2024. "Why Is Productivity Slowing Down?," Journal of Economic Literature, American Economic Association, vol. 62(1), pages 196-268, March.
    12. Marcela Eslava & John C. Haltiwanger, 2020. "The Size and Life-cycle Growth of Plants: The Role of Productivity, Demand and Wedges," NBER Working Papers 27184, National Bureau of Economic Research, Inc.
    13. Eggertsson, Gauti B. & Robbins, Jacob A. & Wold, Ella Getz, 2021. "Kaldor and Piketty’s facts: The rise of monopoly power in the United States," Journal of Monetary Economics, Elsevier, vol. 124(S), pages 19-38.
    14. Maarten de Ridder, 2019. "Market Power and Innovation in the Intangible Economy," Discussion Papers 1907, Centre for Macroeconomics (CFM).
    15. Matthew Rognlie, 2018. "Comment on "Accounting for Factorless Income"," NBER Chapters, in: NBER Macroeconomics Annual 2018, volume 33, pages 235-248, National Bureau of Economic Research, Inc.
    16. William L. Gamber, 2021. "Entry, Variable Markups, and Business Cycles," Finance and Economics Discussion Series 2021-077, Board of Governors of the Federal Reserve System (U.S.).
    17. Rossi-Hansberg, Esteban & Sarte, Pierre-Daniel & Trachter, Nicholas, 2018. "Diverging Trends in National and Local Concentration," CEPR Discussion Papers 13174, C.E.P.R. Discussion Papers.
    18. Mr. Federico J Diez & Jiayue Fan & Carolina Villegas-Sánchez, 2019. "Global Declining Competition," IMF Working Papers 2019/082, International Monetary Fund.
    19. Timo Boppart & Huiyu Li, 2021. "Productivity Slowdown: Reducing the Measure of Our Ignorance," Working Paper Series 2021-21, Federal Reserve Bank of San Francisco.
    20. Sebastian Di Tella & Robert E. Hall, 2020. "Risk Premium Shocks Can Create Inefficient Recessions," NBER Working Papers 26721, National Bureau of Economic Research, Inc.
    21. Sauer, Radek, 2025. "Corporate Taxation in Open Economies," Research Technical Papers 12/RT/25, Central Bank of Ireland.
    22. Marcos Mac Mullen & Soo Kyung Woo, 2025. "Real Exchange Rate and Net Trade Dynamics: Financial and Trade Shocks," International Finance Discussion Papers 1419, Board of Governors of the Federal Reserve System (U.S.).
    23. Emmanuel Dhyne & Glenn Magerman & Ayumu Ken kikkawa, 2019. "Imperfect Competition in Firm-to-Firm Trade," Working Papers ECARES 2019-05, ULB -- Universite Libre de Bruxelles.
    24. Kurozumi, Takushi & Van Zandweghe, Willem, 2022. "Macroeconomic changes with declining trend inflation: Complementarity with the superstar firm hypothesis," European Economic Review, Elsevier, vol. 141(C).
    25. Kehrig, Matthias & Vincent, Nicolas, 2018. "The Micro-Level Anatomy of the Labor Share Decline," CEPR Discussion Papers 13333, C.E.P.R. Discussion Papers.
    26. Kam, Timothy & Lee, Hyungsuk & Lee, Junsang & Ng, Sam, 2025. "On a pecuniary externality of competitive banking through goods pricing dispersion," European Economic Review, Elsevier, vol. 179(C).
    27. Francesco Zanetti & Jesús Fernández-Villaverde & Yang Yu, 2025. "Defensive Hiring and Creative Destruction," CIGS Working Paper Series 25-016E, The Canon Institute for Global Studies.
    28. Kyle F. Herkenhoff & Gajendran Raveendranathan, 2019. "Who Bears the Welfare Costs of Monopoly? The Case of the Credit Card Industry," Department of Economics Working Papers 2019-13, McMaster University.
    29. Bighelli, Tommaso & Di Mauro, Filippo & Melitz, Marc J. & Mertens, Matthias, 2021. "European firm concentration and aggregate productivity," IWH-CompNet Discussion Papers 3/2021, Halle Institute for Economic Research (IWH).
    30. David Baqaee & Emmanuel Farhi, 2020. "Entry vs. Rents: Aggregation with Economies of Scale," NBER Working Papers 27140, National Bureau of Economic Research, Inc.
    31. Ziran Ding, 2021. "Firm Heterogeneity, Variable Markups, and Multinational Production: A Review from Trade Policy Perspective," Bank of Lithuania Working Paper Series 92, Bank of Lithuania.
    32. Joshua Budlender, 2019. "Markups and market structure in South Africa: What can be learnt from new administrative data?," WIDER Working Paper Series wp-2019-58, World Institute for Development Economic Research (UNU-WIDER).
    33. Van Reenen, John, 2018. "Increasing differences between firms: market power and the macro-economy," LSE Research Online Documents on Economics 91698, London School of Economics and Political Science, LSE Library.
    34. Díez, Federico J. & Fan, Jiayue & Villegas-Sánchez, Carolina, 2021. "Global declining competition?," Journal of International Economics, Elsevier, vol. 132(C).
    35. Daisuke MIYAKAWA & Koki OIKAWA & Kozo UEDA, 2022. "Misallocation under the Shadow of Death," Discussion papers 22014, Research Institute of Economy, Trade and Industry (RIETI).
    36. Vaziri, M., 2022. "Antitrust Law and Business Dynamism," Cambridge Working Papers in Economics 2243, Faculty of Economics, University of Cambridge.
    37. Mertens, Matthias, 2022. "Micro-mechanisms behind declining labor shares: Rising market power and changing modes of production," International Journal of Industrial Organization, Elsevier, vol. 81(C).
    38. Akarsu, Okan & Aktuğ, Emrehan & Torun, Huzeyfe, 2025. "Zombie firms in network: Congestion and evergreening," Economic Modelling, Elsevier, vol. 151(C).
    39. Lucia Foster & John Haltiwanger & Cody Tuttle, 2022. "Rising Markups or Changing Technology?," Working Papers 22-38, Center for Economic Studies, U.S. Census Bureau.
    40. Joachim Hubmer, 2019. "The Race Between Preferences and Technology," 2019 Meeting Papers 1430, Society for Economic Dynamics.
    41. Maeng, F. S., 2024. "Default, Inflation Expectations, and the Currency Denomination of Sovereign Bonds," Cambridge Working Papers in Economics 2438, Faculty of Economics, University of Cambridge.
    42. Mertens, Matthias & Mottironi, Bernardo, 2025. "Do larger firms exert more market power? Markups and markdowns along the size distribution," Economics Letters, Elsevier, vol. 255(C).
    43. Orhan Erem Atesagaoglu & Hakki Yazici, 2021. "Optimal Taxation of Capital in the Presence of Declining Labor Share," CESifo Working Paper Series 9101, CESifo.
    44. Hassan Afrouzi & Andres Drenik & Ryan Kim, 2020. "Growing by the Masses - Revisiting the Link between Firm Size and Market Power," CESifo Working Paper Series 8633, CESifo.
    45. Emilio Colombo & Luca Michele Portoghese & Patrizio Tirelli, 2025. "Broadband Access and Markups in Europe," DISEIS - Quaderni del Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo dis2505, Università Cattolica del Sacro Cuore, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo (DISEIS).
    46. David Baqaee & Emmanuel Farhi & Kunal Sangani, 2020. "The Darwinian Returns to Scale," NBER Working Papers 27139, National Bureau of Economic Research, Inc.
    47. Vanessa Alviarez & Javier Cravino & Natalia Ramondo, 2020. "Firm-Embedded Productivity and Cross-Country Income Differences," Opportunity and Inclusive Growth Institute Working Papers 39, Federal Reserve Bank of Minneapolis.
    48. David, Joel M. & Schmid, Lukas & Zeke, David, 2022. "Risk-adjusted capital allocation and misallocation," Journal of Financial Economics, Elsevier, vol. 145(3), pages 684-705.
    49. Vanessa Alvariez & Michele Fioretti & Ayumu Ken Kikkawa & Monica Morlacco, 2022. "Two-Sided Market Power in Firm-to-Firm Trade," Sciences Po Economics Publications (main) hal-03795736, HAL.
    50. Anderton, Robert & Jarvis, Valerie & Labhard, Vincent & Morgan, Julian & Petroulakis, Filippos & Vivian, Lara, 2020. "Virtually everywhere? Digitalisation and the euro area and EU economies," Occasional Paper Series 244, European Central Bank.
    51. Thomas Hasenzagl & Luis Perez, 2023. "The Micro-Aggregated Profit Share," Papers 2309.12945, arXiv.org, revised Nov 2023.
    52. Eero Mäkynen & Oskari Vähämaa, 2021. "Uncertainty, Misallocation and the Life-cycle Growth of Firms," Discussion Papers 146, Aboa Centre for Economics.
    53. Francesca Crucitti & Lorenza Rossi, 2022. "Labor Share Decline and Productivity Slowdown: A Micro-Macro Analysis," Working Papers 350577481, Lancaster University Management School, Economics Department.
    54. Kaku Attah Damoah & Giorgia Giovannetti & Marco Sanfilippo, 2021. "Markup Dispersion and Firm Entry: Evidence from Ethiopia," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 83(2), pages 299-327, April.
    55. Sónia Félix & Chiara Maggi, 2019. "What is the Impact of Increased Business Competition?," IMF Working Papers 2019/276, International Monetary Fund.
    56. Villegas-Sanchez, Carolina & Díez, Federico & Fan, Jiayue, 2019. "Global Declining Competition," CEPR Discussion Papers 13696, C.E.P.R. Discussion Papers.
    57. Jin, Keyu, 2019. "Misallocation Under Trade Liberalization," CEPR Discussion Papers 13976, C.E.P.R. Discussion Papers.
    58. Kozeniauskas, Nicholas & Moreira, Pedro & Santos, Cezar, 2022. "On the cleansing effect of recessions and government policy: Evidence from Covid-19," European Economic Review, Elsevier, vol. 144(C).
    59. Mertens, Matthias & Mottironi, Bernardo, 2023. "Do larger firms exert more market power? Markups and markdowns along the size distribution," LSE Research Online Documents on Economics 121283, London School of Economics and Political Science, LSE Library.
    60. Haque, Qazi & Pavlov, Oscar & Weder, Mark, 2025. "Endogenous business cycles with small and large firms," European Economic Review, Elsevier, vol. 177(C).
    61. Pang, Ruizhi & Zhang, Xuping & Leisten, Matthew & Deng, Zhongqi, 2025. "The equilibrium effects of environmental regulation on heterogeneous competing firms: Theory and evidence from Chinese manufacturing," International Journal of Industrial Organization, Elsevier, vol. 100(C).
    62. Koppenberg, Maximilian & Hirsch, Stefan, 2020. "Comparing methods for markup estimation with an application to EU food retailing," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304272, Agricultural and Applied Economics Association.
    63. Dudley Cooke & Tatiana Damjanovic, 2020. "Optimal Fiscal Policy in a Model of Firm Entry with Financial Frictions," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 35, pages 74-96, January.
    64. Berlingieri, Giuseppe & Blanchenay, Patrick & Criscuolo, Chiara, 2024. "The great divergence(s)," Research Policy, Elsevier, vol. 53(3).
    65. Greg Kaplan & Piotr Zoch, 2020. "Markups, Labor Market Inequality and the Nature of Work," NBER Working Papers 26800, National Bureau of Economic Research, Inc.
    66. Miller, Nathan H., 2025. "Industrial organization and The Rise of Market Power," International Journal of Industrial Organization, Elsevier, vol. 98(C).
    67. Mac Mullen, Marcos & Woo, Soo Kyung, 2025. "Real exchange rate and net trade dynamics: Financial and trade shocks," Journal of International Economics, Elsevier, vol. 157(C).
    68. Lyu, Wenyi & Yang, Jian & Yu, Leng, 2025. "Place-based policies, pro-competitive effects, and allocative efficiency: Evidence from China’s economic zones," World Development, Elsevier, vol. 191(C).
    69. Orhan Erem Atesagaoglu & Hakki Yazici, 2021. "Optimal Taxation of Capital in the Presence of Declining Labor Share," Bristol Economics Discussion Papers 21/739, School of Economics, University of Bristol, UK.
    70. Anton Bobrov & James Traina, 2024. "The beginning of the trend: Interest rates, profits, and markups," Economics Bulletin, AccessEcon, vol. 44(3), pages 1024-1033.
    71. Li, Yifan & Miao, Zhuang, 2024. "The rise of superstar firms in the United States: The role of global sourcing," Journal of Comparative Economics, Elsevier, vol. 52(1), pages 113-144.
    72. Philipp Meinen & Ana Cristina Soares, 2022. "Markups and Financial Shocks," The Economic Journal, Royal Economic Society, vol. 132(647), pages 2471-2499.
    73. Sauvagnat, Julien & Grassi, Basile, 2019. "Production Networks and Economic Policy," CEPR Discussion Papers 13953, C.E.P.R. Discussion Papers.
    74. Kristian Behrens & Sergei Kichko & Philip Ushchev, 2024. "ε‐ces preferences and trade," Review of International Economics, Wiley Blackwell, vol. 32(4), pages 1567-1586, September.
    75. Alexander Kohlhas & Vladimir Asriyan, 2025. "The Macroeconomics of Data: Scale, Product Choice, and Pricing in the Information Age," Working Papers 1486, Barcelona School of Economics.
    76. Pavlov, Oscar & Haque, Qazi & Weder, Mark, 2024. "Superstar firms and aggregate fluctuations," Working Papers 2024-01, University of Tasmania, Tasmanian School of Business and Economics.
    77. Mertens, Matthias & Mottironi, Bernardo, 2025. "Do larger firms exert more market power? Markups and markdowns along the size distribution," LSE Research Online Documents on Economics 128958, London School of Economics and Political Science, LSE Library.
    78. Kurozumi, Takushi & Van Zandweghe, Willem, 2024. "Output-inflation trade-offs and the optimal inflation rate," Journal of Economic Dynamics and Control, Elsevier, vol. 164(C).
    79. Weinberger, Ariel, 2020. "Markups and misallocation with evidence from exchange rate shocks," Journal of Development Economics, Elsevier, vol. 146(C).
    80. Liu, Yue & Luo, Rong, 2024. "Entry cost, fixed cost and markup: Theory and evidence from the impact of corruption on prices," Economic Modelling, Elsevier, vol. 139(C).
    81. Santoro, Sergio & Viviano, Eliana, 2022. "Optimal trend inflation, misallocation and the pass-through of labour costs to prices," Working Paper Series 2761, European Central Bank.
    82. Hu, Weiwei & Li, Kai & Xu, Yiming, 2023. "Leasing and the allocation efficiency of finance," Journal of Empirical Finance, Elsevier, vol. 74(C).
    83. Shinnosuke KIKUCHI, 2024. "Trends in National and Local Market Concentration in Japan: 1980-2020," Discussion papers 24049, Research Institute of Economy, Trade and Industry (RIETI).
    84. Giovanni Dosi & Marco Grazzi & Le Li & Luigi Marengo & Simona Settepanella, 2021. "Productivity Decomposition in Heterogeneous Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 69(3), pages 615-652, September.
    85. Michael Peters, 2020. "Heterogeneous Markups, Growth, and Endogenous Misallocation," Econometrica, Econometric Society, vol. 88(5), pages 2037-2073, September.
    86. Paulie, Charlotte, 2019. "Does Inflation Targeting Reduce the Dispersion of Price Setters’ Inflation Expectations?," Working Paper Series 2018:16, Uppsala University, Department of Economics.
    87. Maximilian Koppenberg & Stefan Hirsch, 2022. "Markup estimation: A comparison of contemporary methods at the example of European food retailers," Agribusiness, John Wiley & Sons, Ltd., vol. 38(1), pages 108-133, January.
    88. Akira Ishide, 2025. "Allocative Inefficiency during a Sudden Stop," CARF F-Series CARF-F-602, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    89. Firooz, Hamid, 2025. "The pro-competitive consequences of trade in frictional labor markets," Journal of International Economics, Elsevier, vol. 153(C).
    90. Guo, Di & Jiang, Kun & Xu, Chenggang & Yang, Xiyi, 2023. "Geographic clusters, regional productivity and resource reallocation across firms: Evidence from China," Research Policy, Elsevier, vol. 52(2).
    91. Tan, Eugene & Zeida, Teegawende H., 2024. "Consumer demand and credit supply as barriers to growth for Black-owned startups," Journal of Monetary Economics, Elsevier, vol. 143(C).
    92. Andrea, Colciago & Rajssa, Mechelli, 2019. "Competition and Inequality: Aiyagari meets Bertrand and Cournot," Working Papers 398, University of Milano-Bicocca, Department of Economics, revised Jan 2019.
    93. Paulie, Charlotte, 2019. "Does Inflation Targeting Reduce the Dispersion of Price Setters’ Inflation Expectations?," Working Paper Series 370, Sveriges Riksbank (Central Bank of Sweden).
    94. Alan Asprilla & Nicolas Berman & Olivier Cadot & Melise Jaud, 2018. "Trade Policy and Market Power: Firm-level Evidence," Working Papers halshs-01945660, HAL.
    95. Röhe, Oke & Stähler, Nikolai, 2020. "Demographics and the decline in firm entry: Lessons from a life-cycle model," Discussion Papers 15/2020, Deutsche Bundesbank.
    96. Alexandre Kohlhas & Vladimir Asriyan, 2025. "The Macroeconomics of Data: Scale, Product Choice, and Pricing in the Information Age," Economics Series Working Papers 1073, University of Oxford, Department of Economics.
    97. Li, Haoyang & Wu, Nan & Zhao, Jinhua, 2025. "Markup dispersion, industry coverage and the cost of environmental regulation," Journal of Environmental Economics and Management, Elsevier, vol. 130(C).
    98. Anton Bobrov & James Traina, 2023. "The Beginning of the Trend: Interest Rates, Profits, and Markups," Papers 2307.08968, arXiv.org, revised Oct 2023.
    99. Beguin, Malo, 2021. "Harmonization, Mutual Recognition or National Treatment: a Melitz approach," LIDAM Discussion Papers LFIN 2021010, Université catholique de Louvain, Louvain Finance (LFIN).
    100. Olmstead-Rumsey, Jane, 2019. "Market Concentration and the Productivity Slowdown," MPRA Paper 93260, University Library of Munich, Germany.
    101. Lidia Smitkova, 2023. "Profits, ‘Superstar’ Firms and Capital Flows," Economics Series Working Papers 1030, University of Oxford, Department of Economics.
    102. Xie, Enze & Xu, Mingzhi & Yu, Miaojie, 2024. "Trade liberalization, labor market power, and misallocation across firms: Evidence from China's WTO accession," Journal of Development Economics, Elsevier, vol. 171(C).
    103. Kevin Rinz, 2018. "Labor Market Concentration, Earnings Inequality, and Earnings Mobility," CARRA Working Papers 2018-10, Center for Economic Studies, U.S. Census Bureau.
    104. Mydland, Ørjan & Størdal, Ståle & Kumbhakar, Subal C. & Lien, Gudbrand, 2022. "Modeling markups and its determinants: The case of Norwegian industries and regions," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 252-262.
    105. Luca Lorenzini & Antonio Martner, 2025. "The Aggregate Welfare Effects of Nonlinear Prices in Supply Chains," Working Papers Central Bank of Chile 1049, Central Bank of Chile.
    106. Siying Ding & Ahmad Lashkaripour & Volodymyr Lugovskyy, 2024. "A Global Perspective on the Incidence of Monopoly Distortions," CESifo Working Paper Series 11211, CESifo.
    107. Emanuela Ciapanna & Sara Formai & Andrea Linarello & Gabriele Rovigatti, 2024. "Measuring market power: macro- and micro-evidence from Italy," Empirical Economics, Springer, vol. 67(6), pages 2677-2717, December.
    108. Koppenberg, Maximilian & Wimmer, Stefan & Hirsch, Stefan, 2025. "Has corporate greed driven inflation in the European Union? An analysis of the food and beverage industry," Economics Letters, Elsevier, vol. 247(C).
    109. Heresi, Rodrigo, 2024. "Market Power in Latin America in Worldwide Perspective: An Empirical Exploration," IDB Publications (Working Papers) 13610, Inter-American Development Bank.
    110. Cavalleri, Maria Chiara & Eliet, Alice & McAdam, Peter & Petroulakis, Filippos & Soares, Ana & Vansteenkiste, Isabel, 2019. "Concentration, market power and dynamism in the euro area," Working Paper Series 2253, European Central Bank.
    111. Macedoni, Luca & Weinberger, Ariel, 2022. "Quality heterogeneity and misallocation: The welfare benefits of raising your standards," Journal of International Economics, Elsevier, vol. 134(C).
    112. Nazim Belhocine & Mr. Daniel Garcia-Macia, 2020. "Identifying Service Market Reform Priorities in Italy," IMF Working Papers 2020/039, International Monetary Fund.
    113. Kouvavas, Omiros & Osbat, Chiara & Reinelt, Timo & Vansteenkiste, Isabel, 2021. "Markups and inflation cyclicality in the euro area," Working Paper Series 2617, European Central Bank.

  13. Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2017. "On the Importance of Easing Consumer Credit Frictions," Economic Policy Paper 17-5, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Patrick Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020. "On the Importance of Household versus Firm Credit Frictions in the Great Recession," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 34-67, August.
    2. Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020. "Credit Frictions in the Great Recession," Staff Report 617, Federal Reserve Bank of Minneapolis.

  14. Corina Boar & Denis Gorea & Virgiliu Midrigan, 2017. "Liquidity Constraints in the U.S. Housing Market," NBER Working Papers 23345, National Bureau of Economic Research, Inc.

    Cited by:

    1. Yunho Cho & Shuyun May Li & Lawrence Uren, 2024. "Stamping out stamp duty: Housing mismatch and welfare," Quantitative Economics, Econometric Society, vol. 15(2), pages 381-426, May.
    2. Sala, Hector & Trivin, Pedro, 2024. "Household finances, debt overhang and consumption patterns," Economic Modelling, Elsevier, vol. 139(C).
    3. Yunho Cho & James Morley & Aarti Singh, 2024. "Did marginal propensities to consume change with the housing boom and bust?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(1), pages 174-199, January.
    4. Joyce, Matthew & Singh, Aarti, 2025. "Income uncertainty, precautionary wealth, and social insurance," European Economic Review, Elsevier, vol. 175(C).
    5. Ghoddusi, Hamed & Afkhami, Mohamad, 2019. "Valuation of mortgage interest deductibility under uncertainty: An option pricing approach," Journal of Economic Dynamics and Control, Elsevier, vol. 103(C), pages 102-122.
    6. Bontemps, Christian & Cherbonnier, Frédéric & Magnac, Thierry, 2023. "Reducing transaction taxes on housing in highly regulated economies”," TSE Working Papers 23-1486, Toulouse School of Economics (TSE).
    7. Maiko Koga & Kohei Matsumura, "undated". "Marginal Propensity to Consume and the Housing Choice," Bank of Japan Working Paper Series 20-E-3, Bank of Japan.
    8. DiSalvo, Richard W. & Yu, Jia H., 2023. "Housing Affordability and School Quality in the United States," Journal of Housing Economics, Elsevier, vol. 60(C).
    9. Sarena Goodman & Adam Isen & Constantine Yannelis, 2018. "A Day Late and a Dollar Short : Liquidity and Household Formation among Student Borrowers," Finance and Economics Discussion Series 2018-025, Board of Governors of the Federal Reserve System (U.S.).
    10. Bäckman, Claes & Lutz, Chandler, 2020. "The impact of interest-only loans on affordability," Regional Science and Urban Economics, Elsevier, vol. 80(C).
    11. Benjamin Collier & Daniel Hartley & Benjamin J. Keys & Jing Xian Ng, 2024. "Credit When You Need It," Working Paper Series WP 2024-16, Federal Reserve Bank of Chicago.
    12. Myroslav Pidkuyko, 2023. "Heterogeneous Spillovers of Housing Credit Policy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 39-59, December.
    13. Claes Bäckman & Peter van Santen, 2020. "The Amortization Elasticity of Mortgage Demand," Economics Working Papers 2020-16, Department of Economics and Business Economics, Aarhus University.
    14. Alina Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike Steins, 2025. "The Distribution of Household Debt in the United States, 1950-2022," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 57, July.
    15. Gupta, Arpit & Hansman, Christopher & Mabille, Pierre, 2025. "Financial constraints and the racial housing gap," Journal of Financial Economics, Elsevier, vol. 173(C).
    16. Pesce, Simone & Zhang, Liang, 2025. "Mortgage refinancing and the marginal propensity to consume," Working Paper Series 3051, European Central Bank.
    17. Pesce, Simone & Zhang, Liang, 2025. "Mortgage Refinancing and the Marginal Propensity to Consume," Research Technical Papers 10/RT/25, Central Bank of Ireland.
    18. Mølbak Ingholt, Marcus, 2022. "Multiple Credit Constraints and Time-Varying Macroeconomic Dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    19. Ong, Rachel & Graham, James & Cigdem, Melek & Phelps, Christopher & Whelan, Stephen, 2023. "Financing first home ownership: modelling policy impacts at market and individual levels," SocArXiv p59te, Center for Open Science.

  15. Virgiliu Midrigan & Fernando Leibovici & Julio Blanco, 2017. "Human Capital and Financial Development," 2017 Meeting Papers 1187, Society for Economic Dynamics.

    Cited by:

    1. Yu Feng & Yutao Lei, 2025. "Carbon trading price and carbon performance of high energy‐intensive enterprises," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(1), pages 489-501, January.
    2. Gokmenoglu, Korhan K. & Rustamov, Bezhan, 2022. "The role of the natural resource abundance in the short and long run: The case of the Kingdom of Saudi Arabia," Resources Policy, Elsevier, vol. 77(C).
    3. Khan, Zeeshan & Hussain, Muzzammil & Shahbaz, Muhammad & Yang, Siqun & Jiao, Zhilun, 2020. "Natural resource abundance, technological innovation, and human capital nexus with financial development: A case study of China," Resources Policy, Elsevier, vol. 65(C).

  16. Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2016. "Debt Constraints and Employment," Staff Report 536, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Leibovici, Fernando & Waugh, Michael E., 2019. "International trade and intertemporal substitution," Journal of International Economics, Elsevier, vol. 117(C), pages 158-174.
    2. Gregory, Victoria & Menzio, Guido & Wiczer, David, 2025. "The alpha beta gamma of the labor market," Journal of Monetary Economics, Elsevier, vol. 150(C).
    3. Luisito Bertinelli & Olivier Cardi & Romain Restout, 2015. "Technical Change Biased Toward the Traded Sector and Labor Market Frictions," Working Papers halshs-01252508, HAL.
    4. Christian Moser & Farzad Saidi & Benjamin Wirth & Stefanie Wolter, 2021. "Credit Supply, Firms, and Earnings Inequality," ECONtribute Discussion Papers Series 086, University of Bonn and University of Cologne, Germany.
    5. Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020. "Asset Prices and Unemployment Fluctuations," Staff Report 591, Federal Reserve Bank of Minneapolis.
    6. Niklas Engbom, 2019. "Application Cycles," 2019 Meeting Papers 1170, Society for Economic Dynamics.
    7. Cumming, Fergus & Hubert, Paul, 2022. "House prices, the distribution of household debt and the refinancing channel of monetary policy," Economics Letters, Elsevier, vol. 212(C).
    8. Mehrotra, Neil & Sergeyev, Dmitriy, 2021. "Financial shocks, firm credit and the Great Recession," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 296-315.
    9. Jules H. van Binsbergen & Ralph S.J. Koijen, 2015. "The Term Structure of Returns: Facts and Theory," NBER Working Papers 21234, National Bureau of Economic Research, Inc.
    10. Bettoni, Luis G. & Santos, Marcelo R., 2022. "Public sector employment and aggregate fluctuations," Journal of Macroeconomics, Elsevier, vol. 72(C).
    11. BERTINELLI, Luisito & CARDI, Olivier & RESTOUT, Romain, 2020. "Relative Productivity And Search Unemployment In An Open Economy," Journal of Economic Dynamics and Control, Elsevier, vol. 117(C).
    12. Patrick Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020. "On the Importance of Household versus Firm Credit Frictions in the Great Recession," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 34-67, August.
    13. Albanesi, Stefania & De Giorgi, Giacomo & Nosal, Jaromir, 2017. "Credit Growth and the Financial Crisis: A New Narrative," CEPR Discussion Papers 12230, C.E.P.R. Discussion Papers.
    14. Kyle Herkenhoff & Gordon Phillips & Ethan Cohen-Cole, 2017. "The Impact of Consumer Credit Access on Employment, Earnings, and Entrepreneurship," Working Papers 2017-011, Human Capital and Economic Opportunity Working Group.
    15. Marieke Bos & Emily Breza & Andres Liberman, 2018. "The Labor Market Effects of Credit Market Information," The Review of Financial Studies, Society for Financial Studies, vol. 31(6), pages 2005-2037.
    16. Xavier Ragot & Julien Matheron & Juan Rubio-Ramirez & Edouard Challe, 2015. "Precautionary saving and aggregate demand," 2015 Meeting Papers 404, Society for Economic Dynamics.
    17. Clymo, Alex, 2020. "Discounts, rationing, and unemployment," European Economic Review, Elsevier, vol. 128(C).
    18. Callum Jones & Virgiliu Midrigan & Mr. Thomas Philippon, 2018. "Household Leverage and the Recession," IMF Working Papers 2018/194, International Monetary Fund.
    19. Neele Balke, 2018. "The Employment Cost of Sovereign Default," 2018 Meeting Papers 1256, Society for Economic Dynamics.
    20. Schmidt, Lawrence D.W., 2025. "Climbing and falling off the ladder: Asset pricing implications of labor market event risk," Journal of Financial Economics, Elsevier, vol. 172(C).
    21. Alan Finkelstein Shapiro & Maria Olivero, 2018. "Lending Relationships and Labor Market Dynamics," 2018 Meeting Papers 1113, Society for Economic Dynamics.
    22. Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2017. "On the Importance of Easing Consumer Credit Frictions," Economic Policy Paper 17-5, Federal Reserve Bank of Minneapolis.
    23. Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020. "Credit Frictions in the Great Recession," Staff Report 617, Federal Reserve Bank of Minneapolis.
    24. Abdoulaye Millogo & Jean-François Rouillard, 2019. "Missing Disinflation and Human Capital Depreciation," Cahiers de recherche 19-03, Departement d'économique de l'École de gestion à l'Université de Sherbrooke, revised Oct 2020.
    25. David P. Glancy, 2017. "Housing Bust, Bank Lending & Employment : Evidence from Multimarket Banks," Finance and Economics Discussion Series 2017-118, Board of Governors of the Federal Reserve System (U.S.).
    26. Guerrieri, V. & Uhlig, H., 2016. "Housing and Credit Markets," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1427-1496, Elsevier.
    27. Giorgio Primiceri & Andrea Tambalotti & Alejandro Justiniano, 2016. "A simple model of subprime borrowers and credit growth," 2016 Meeting Papers 704, Society for Economic Dynamics.
    28. Moscarini, Giuseppe & Postel-Vinay, Fabien, 2018. "On the Job Search and Business Cycles," IZA Discussion Papers 11853, IZA Network @ LISER.
    29. Michael Dinerstein & Rigissa Megalokonomou & Constantine Yannelis, 2020. "Human Capital Depreciation," CESifo Working Paper Series 8614, CESifo.
    30. Martellini, Paolo & Menzio, Guido & Visschers, Ludo, 2019. "Revisiting the Hypothesis of High Discounts and High Unemployment," IZA Discussion Papers 12441, IZA Network @ LISER.
    31. Hengjie Ai & Anmol Bhandari, 2021. "Asset Pricing With Endogenously Uninsurable Tail Risk," Econometrica, Econometric Society, vol. 89(3), pages 1471-1505, May.
    32. Aysegul Sahin & Benjamin Pugsley, 2015. "Grown-up Business Cycles," 2015 Meeting Papers 655, Society for Economic Dynamics.
    33. Robert E. Hall, 2017. "High Discounts and High Unemployment," American Economic Review, American Economic Association, vol. 107(2), pages 305-330, February.
    34. García-Cabo, Joaquín & Lipińska, Anna & Navarro, Gastón, 2023. "Sectoral shocks, reallocation, and labor market policies," European Economic Review, Elsevier, vol. 156(C).
    35. Cumming, Fergus, 2022. "Mortgage cash-flows and employment," European Economic Review, Elsevier, vol. 144(C).
    36. Guido Menzio, 2022. "Stubborn Beliefs in Search Equilibrium," NBER Chapters, in: NBER Macroeconomics Annual 2022, volume 37, pages 239-297, National Bureau of Economic Research, Inc.
    37. Boeri, Tito & Jimeno, Juan F., 2016. "Learning from the Great Divergence in unemployment in Europe during the crisis," Labour Economics, Elsevier, vol. 41(C), pages 32-46.
    38. Sergeyev, Dmitriy & Mehrotra, Neil, 2016. "Financial Shocks and Job Flows," CEPR Discussion Papers 11677, C.E.P.R. Discussion Papers.
    39. Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2018. "Evolution of Modern Business Cycle Models: Accounting for the Great Recession," Staff Report 566, Federal Reserve Bank of Minneapolis.
    40. Rauh, C. & Santos, M. R., 2022. "How do transfers and universal basic income impact the labor market and inequality?," Cambridge Working Papers in Economics 2208, Faculty of Economics, University of Cambridge.

  17. Philippon, Thomas & Midrigan, Virgiliu, 2016. "Household Leverage and the Recession," CEPR Discussion Papers 11407, C.E.P.R. Discussion Papers.

    Cited by:

    1. Wendy Nyakabawo & Stephen M. Miller & Mehmet Balcilar & Sonali Das & Rangan Gupta, 2013. "Temporal Causality between House Prices and Output in the U.S.: A Bootstrap Rolling-Window Approach," Working papers 2013-14, University of Connecticut, Department of Economics.
    2. Xavier Giroud & Holger M. Mueller, 2017. "Firm Leverage, Consumer Demand, and Employment Losses during the Great Recession," Working Papers 17-01, Center for Economic Studies, U.S. Census Bureau.
    3. Romei, Federica, 2015. "Need for (the Right) Speed: the Timing and Composition of Public Debt Deleveraging," Economics Working Papers MWP2015/11, European University Institute.
    4. Sarah Brown & Daniel Gray & Alberto Montagnoli, 2018. "Credit Supply Shocks and Household Leverage: Evidence from the US Banking Deregulation," Working Papers 2018009, The University of Sheffield, Department of Economics.
    5. Tambalotti, Andrea & Primiceri, Giorgio & Justiniano, Alejandro, 2013. "Household Leveraging and Deleveraging," CEPR Discussion Papers 9671, C.E.P.R. Discussion Papers.
    6. Gropp, Reint E. & Krainer, John & Laderman, Elizabeth, 2014. "Did consumers want less debt? Consumer credit demand versus supply in the wake of the 2008-2009 financial crisis," SAFE Working Paper Series 42, Leibniz Institute for Financial Research SAFE.
    7. Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2013. "Sovereigns versus Banks: Credit, Crises, and Consequences," NBER Working Papers 19506, National Bureau of Economic Research, Inc.
    8. Filippo Balestrieri & Mr. Suman S Basu, 2018. "An Imperfect Financial Union With Heterogeneous Regions," IMF Working Papers 2018/205, International Monetary Fund.
    9. Stan Veuger & Daniel Shoag, 2013. "Uncertainty and the geography of the Great Recession," AEI Economics Working Papers 694, American Enterprise Institute.
    10. Patrick A. Pintus & Jacek Suda, 2016. "Learning Financial Shocks and the Great Recession," Working Papers halshs-00830480, HAL.
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    47. Yuliyan Mitkov & Ulrich Schüwer, 2021. "Unequal andunstable: income inequality and bank risk," ECONtribute Discussion Papers Series 012, University of Bonn and University of Cologne, Germany.
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    55. Atif R. Mian & Amir Sufi & Francesco Trebbi, 2012. "Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises," NBER Working Papers 17831, National Bureau of Economic Research, Inc.
    56. R diger Bachmann & Sebastian R th, 2017. "Systematic Monetary Policy And The Macroeconomic Effects Of Shifts In Loan-To-Value Ratios," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 17/934, Ghent University, Faculty of Economics and Business Administration.
    57. Pintus, P. A. & Jacek Suda, 2013. "Learning Leverage Shocks and the Great Recession," Working papers 440, Banque de France.
    58. Atif R. Mian & Amir Sufi, 2012. "What explains high unemployment? The aggregate demand channel," NBER Working Papers 17830, National Bureau of Economic Research, Inc.
    59. Corina Boar & Denis Gorea & Virgiliu Midrigan, 2017. "Liquidity Constraints in the U.S. Housing Market," NBER Working Papers 23345, National Bureau of Economic Research, Inc.
    60. Amir Sufi, 2012. "Commentary: redistributive monetary policy," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 385-396.
    61. David P. Glancy, 2017. "Housing Bust, Bank Lending & Employment : Evidence from Multimarket Banks," Finance and Economics Discussion Series 2017-118, Board of Governors of the Federal Reserve System (U.S.).
    62. Guerrieri, V. & Uhlig, H., 2016. "Housing and Credit Markets," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1427-1496, Elsevier.
    63. Agarwal, Sumit & Ströbel, Johannes & Chomsisengphet, Souphala & Mahoney, Neale, 2015. "Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession," CEPR Discussion Papers 10839, C.E.P.R. Discussion Papers.
    64. Angeles, Luis, 2015. "A note on debt and economic activity," Economics Letters, Elsevier, vol. 136(C), pages 67-69.
    65. Galip Kemal Ozhan, 2015. "Financial Intermediation, Resource Allocation, and Macroeconomic Interdependence," 2015 Papers poz71, Job Market Papers.
    66. Martin Beraja & Erik Hurst & Juan Ospina, 2016. "The Aggregate Implications of Regional Business Cycles," NBER Working Papers 21956, National Bureau of Economic Research, Inc.
    67. Cavalcanti, Tiago & Antunes, António & Mendicino, Caterina & Peruffo, Marcel & Villamil, Anne, 2020. "Tighter Credit and Consumer Bankruptcy Insurance," CEPR Discussion Papers 14330, C.E.P.R. Discussion Papers.
    68. Michael D. Carr & Arjun Jayadev, 2013. "Relative Income and Indebtedness: Evidence from Panel Data," Working Papers 2013_02, University of Massachusetts Boston, Economics Department.
    69. Matthew Rognlie & Andrei Shleifer & Alp Simsek, 2018. "Investment Hangover and the Great Recession," American Economic Journal: Macroeconomics, American Economic Association, vol. 10(2), pages 113-153, April.
    70. Giorgio Primiceri & Andrea Tambalotti & Alejandro Justiniano, 2016. "A simple model of subprime borrowers and credit growth," 2016 Meeting Papers 704, Society for Economic Dynamics.
    71. Fornaro, Luca & Romei, Federica, 2018. "The Paradox of Global Thrift," CEPR Discussion Papers 12894, C.E.P.R. Discussion Papers.
    72. Julia Fonseca & Katherine Strair & Basit Zafar, 2017. "Access to credit and financial health: evaluating the impact of debt collection," Staff Reports 814, Federal Reserve Bank of New York.
    73. Atif Mian & Amir Sufi, 2016. "Who Bears the Cost of Recessions? The Role of House Prices and Household Debt," NBER Working Papers 22256, National Bureau of Economic Research, Inc.
    74. Sapci, Ayse & Vu, Nam, 2017. "Housing Wealth Reallocation Between Subprime and Prime Borrowers During Recessions," Working Papers 2017-03, Department of Economics, Colgate University, revised 19 Sep 2017.
    75. Carlos Garriga & Aaron Hedlund, 2017. "Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession," Working Papers 2017-30, Federal Reserve Bank of St. Louis.
    76. Hui Chen & Michael Michaux & Nikolai Roussanov, 2013. "Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty," NBER Working Papers 19421, National Bureau of Economic Research, Inc.
    77. Joshua Mason and Arjun Jayadev, "undated". "Fisher Dynamics in Household Debt: The Case of the U.S. 1929-2011," Working Papers 13, University of Massachusetts Boston, Economics Department.
    78. Gregor Schwerhoff & Mouhamadou Sy, 2014. "The Non-Monetary Side of the Global Disinflation," Open Economies Review, Springer, vol. 25(2), pages 337-371, April.
    79. Zhen Huo & José-Víctor Ríos-Rull, 2013. "Engineering a paradox of thrift recession," FRB Atlanta CQER Working Paper 2013-03, Federal Reserve Bank of Atlanta.
    80. Guerrieri, Luca & Iacoviello, Matteo, 2017. "Collateral constraints and macroeconomic asymmetries," Journal of Monetary Economics, Elsevier, vol. 90(C), pages 28-49.
    81. Emi Nakamura & Jón Steinsson, 2017. "Identification in Macroeconomics," NBER Working Papers 23968, National Bureau of Economic Research, Inc.
    82. Popov, Alexander & Corradin, Stefano, 2013. "House prices, home equity and entrepreneurships," Working Paper Series 1544, European Central Bank.
    83. Xavier Giroud & Holger M. Mueller, 2015. "Firm Leverage and Unemployment during the Great Recession," NBER Working Papers 21076, National Bureau of Economic Research, Inc.
    84. Chakrabarti, Anindya S., 2016. "Inflationary effects of monetary policies in newly industrialized economies with cross-sectoral labor and capital immobility," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 151-167.
    85. Davis, Morris A. & Van Nieuwerburgh, Stijn, 2015. "Housing, Finance, and the Macroeconomy," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 753-811, Elsevier.
    86. Zhang, Yahong, 2019. "Household debt, financial intermediation, and monetary policy," Journal of Macroeconomics, Elsevier, vol. 59(C), pages 230-257.
    87. Wonhyeok Kim & Soohyung Lee & Yoonsoo Lee, 2021. "How Do House Prices Affect Consumption Patterns Across Categories?," Korean Economic Review, Korean Economic Association, vol. 37, pages 367-398.
    88. Sumit Agarwal & Souphala Chomsisengphet & Neale Mahoney & Johannes Stroebel, 2018. "Do Banks Pass through Credit Expansions to Consumers Who want to Borrow?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(1), pages 129-190.
    89. Cristina Arellano & Yan Bai & Patrick J. Kehoe, 2016. "Financial Frictions and Fluctuations in Volatility," NBER Working Papers 22990, National Bureau of Economic Research, Inc.
    90. Kerwin Kofi Charles & Erik Hurst & Matthew J. Notowidigdo, 2013. "Housing Booms, Manufacturing Decline, and Labor Market Outcomes," NBER Working Papers 18949, National Bureau of Economic Research, Inc.
    91. Paul Luk & David Vines, 2014. "Debt Deleveraging and the Zero Bound: Potentially Perverse Effects of Real Exchange Rate Movements," Working Papers 202014, Hong Kong Institute for Monetary Research.
    92. Chakrabarti, Anindya S., 2015. "Dispersion in macroeconomic volatility between the core and periphery of the international trade network," IIMA Working Papers WP2015-08-08, Indian Institute of Management Ahmedabad, Research and Publication Department.
    93. Claudio Michelacci & Andrea Pozzi & Luigi Paciello, 2018. "The extensive margin of aggregate consumption demand," 2018 Meeting Papers 1008, Society for Economic Dynamics.
    94. Erik Hurst & Benjamin J. Keys & Amit Seru & Joseph S. Vavra, 2015. "Regional Redistribution Through the U.S. Mortgage Market," NBER Working Papers 21007, National Bureau of Economic Research, Inc.
    95. Roberto Álvarez & Luis Opazo, 2013. "Household Debt During the Financial Crisis: Micro-Evidence from Chile," Working Papers Central Bank of Chile 695, Central Bank of Chile.
    96. Merike Kukk, 2014. "How Did Household Indebtedness Hamper Consumption during the Recession? Evidence from Micro Data," TUT Economic Research Series 14, Department of Finance and Economics, Tallinn University of Technology.
    97. Will Dobbie & Paul Goldsmith-Pinkham & Crystal Yang, 2015. "Consumer Bankruptcy and Financial Health," NBER Working Papers 21032, National Bureau of Economic Research, Inc.
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    99. Tripathy, Jagdish, 2020. "Cross-border effects of regulatory spillovers: Evidence from Mexico," Journal of International Economics, Elsevier, vol. 126(C).
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    107. Nuno Paixao, 2018. "Housing Prices and Consumer Spending: The Bank Balance Sheet Channel," 2018 Meeting Papers 1017, Society for Economic Dynamics.
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  18. Virgiliu Midrigan & Thomas Philippon & Callum Jones, 2016. "Beyond the Liquidity Trap: the Secular Stagnation of Investment," 2016 Meeting Papers 1429, Society for Economic Dynamics.

    Cited by:

    1. Ricardo J. Caballero & Alp Simsek, 2017. "A Risk-centric Model of Demand Recessions and Speculation," NBER Working Papers 23614, National Bureau of Economic Research, Inc.
    2. Marx, Magali & Mojon, Benoît & Velde, François R., 2021. "Why have interest rates fallen far below the return on capital?," Journal of Monetary Economics, Elsevier, vol. 124(S), pages 57-76.
    3. Nicolò Maffei-Faccioli, 2021. "Identifying the sources of the slowdown in growth: Demand vs. supply," Working Paper 2021/9, Norges Bank.
    4. Neuhann, Daniel & Sockin, Michael, 2024. "Financial market concentration and misallocation," Journal of Financial Economics, Elsevier, vol. 159(C).
    5. Massimo Del Gatto & Fadi Hassan & Gianmarco I.P. Ottaviano & Fabiano Schivardi, 2019. "Company Profits in Italy," European Economy - Discussion Papers 093, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    6. Germán Gutiérrez & Thomas Philippon, 2017. "Declining Competition and Investment in the U.S," NBER Working Papers 23583, National Bureau of Economic Research, Inc.
    7. Nicolo Maffei-Faccioli, 2020. "Identifying the Sources of the Slowdown in Growth: Demand vs. Supply," 2020 Papers pma2978, Job Market Papers.
    8. Olmstead-Rumsey, Jane, 2019. "Market Concentration and the Productivity Slowdown," MPRA Paper 93260, University Library of Munich, Germany.
    9. Tommaso Aquilante & Shiv Chowla & Nikola Dacic & Andrew Haldane & Riccardo Masolo & Patrick Schneider & Martin Seneca & Srdan Tatomir, 2019. "Market power and monetary policy," Bank of England working papers 798, Bank of England.

  19. George Alessandria & Horag Choi & Joseph P. Kaboski & Virgiliu Midrigan, 2014. "Microeconomic uncertainty, international trade, and aggregate fluctuations," Working Papers 14-30, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Carter Mix & George Alessandria, 2017. "The Global Trade Slowdown: A Dynamic Approach," 2017 Meeting Papers 907, Society for Economic Dynamics.
    2. George Alessandria & Carter Mix, 2019. "Trade Policy is Real News: A quantitative analysis of past, current, and future changes in U.S. trade barriers," 2019 Meeting Papers 545, Society for Economic Dynamics.
    3. Chandranath Amarasekara & Bernard Njindan Iyke & Paresh Kumar Narayan, 2022. "The role of R&D and economic policy uncertainty in Sri Lanka’s economic growth," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-19, December.
    4. Haichao Fan & Guangyu Nie & Zhiwei Xu, 2023. "Market Uncertainty and International Trade," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 450-478, December.
    5. Ryan A. Decker & Pablo N. D'Erasmo & Hernan Moscoso Boedo, 2016. "Market Exposure and Endogenous Firm Volatility over the Business Cycle," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(1), pages 148-198, January.
    6. Dennis Novy & Alan M. Taylor, 2020. "Trade and Uncertainty," The Review of Economics and Statistics, MIT Press, vol. 102(4), pages 749-765, October.
    7. Athanasios Triantafyllou & Dimitrios Bakas & Marilou Ioakimidis, 2023. "Commodity price uncertainty as a leading indicator of economic activity," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(4), pages 4194-4219, October.
    8. Chakraborty, Indraneel & Hai, Rong & Holter, Hans A. & Stepanchuk, Serhiy, 2017. "The real effects of financial (dis)integration: A multi-country equilibrium analysis of Europe," Journal of Monetary Economics, Elsevier, vol. 85(C), pages 28-45.
    9. Firooz, Hamid & Leduc, Sylvain & Liu, Zheng, 2025. "Reshoring, automation, and labor markets under trade uncertainty," Journal of International Economics, Elsevier, vol. 156(C).
    10. Sung Je Byun & Soojin Jo, 2018. "Heterogeneity in the dynamic effects of uncertainty on investment," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 51(1), pages 127-155, February.
    11. Dmitriev, Alexandre, 2017. "Composite habits and international transmission of business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 76(C), pages 1-34.
    12. Lee, Junghoon, 2016. "The impact of idiosyncratic uncertainty when investment opportunities are endogenous," Journal of Economic Dynamics and Control, Elsevier, vol. 65(C), pages 105-124.

  20. Edmond, Chris & Midrigan, Virgiliu & Xu, Daniel Yi, 2013. "Competition, Markups, and the Gains from International Trade," Economics Series 299, Institute for Advanced Studies.

    Cited by:

    1. Eckel, Carsten & Yeaple, Stephen R., 2024. "Inefficient labor market sorting," Journal of Economic Theory, Elsevier, vol. 221(C).
    2. Mertens, Matthias, 2020. "Labor market power and the distorting effects of international trade," International Journal of Industrial Organization, Elsevier, vol. 68(C).
    3. Hirata, Guilherme & Soares, Rodrigo R., 2020. "Competition and the racial wage gap: Evidence from Brazil," Journal of Development Economics, Elsevier, vol. 146(C).
    4. Patureau, Lise & Poilly, Céline, 2019. "Reforms and the real exchange rate: The role of pricing-to-market," Journal of International Economics, Elsevier, vol. 119(C), pages 150-168.
    5. Feenstra, Robert C., 2018. "Restoring the product variety and pro-competitive gains from trade with heterogeneous firms and bounded productivity," Journal of International Economics, Elsevier, vol. 110(C), pages 16-27.
    6. Wu, Mingqin & Yu, Linhui & Zhang, Junsen, 2023. "Road expansion, allocative efficiency, and pro-competitive effect of transport infrastructure: Evidence from China," Journal of Development Economics, Elsevier, vol. 162(C).
    7. Antonella Nocco & Gianmarco I. P. Ottaviano & Matteo Salto, 2019. "Geography, competition and optimal multilateral trade policy," CEP Discussion Papers dp1610, Centre for Economic Performance, LSE.
    8. Jean Imbs & Isabelle Mejean, 2017. "Trade Elasticities," Review of International Economics, Wiley Blackwell, vol. 25(2), pages 383-402, May.
    9. Thomas Sampson, 2014. "Dynamic Selection: An Idea Flows Theory of Entry, Trade and Growth," CEP Discussion Papers dp1288, Centre for Economic Performance, LSE.
    10. Yuichiro Matsumoto, 2018. "Endogenous Sunk Cost, Scale Economies, and Market Concentration," Discussion Papers in Economics and Business 18-20, Osaka University, Graduate School of Economics.
    11. Giammario Impullitti & Omar Licandro & Pontus Rendahl, 2021. "Technology, market structure and the gains from trade," Discussion Papers 2021-03, University of Nottingham, GEP.
    12. Newman, Carol & Rand, John & Tarp, Finn, 2023. "Imports, supply chains and firm productivity," World Development, Elsevier, vol. 172(C).
    13. Colin Hottman & Stephen J. Redding & David E. Weinstein, 2014. "What is 'Firm Heterogeneity' in Trade Models? The Role of Quality, Scope, Markups and Cost," CEP Discussion Papers dp1294, Centre for Economic Performance, LSE.
    14. Kenji Fujiwara, 2024. "Firm Heterogeneity, Home Market Effect, and Gravity Equation in an Oligopoly," Open Economies Review, Springer, vol. 35(5), pages 1115-1131, November.
    15. Antoine Berthou & John Jong-Hyun Chung & Kalina Manova & Charlotte Sandoz Dit Bragard, 2020. "Trade, productivity and (mis)allocation," CEP Discussion Papers dp1668, Centre for Economic Performance, LSE.
    16. Jung, Jae Wook & Simonovska, Ina & Weinberger, Ariel, 2019. "Exporter heterogeneity and price discrimination: A quantitative view," Journal of International Economics, Elsevier, vol. 116(C), pages 103-124.
    17. Thomas J. Holmes & Wen-Tai Hsu & Sanghoon Lee, 2013. "Allocative Efficiency, Mark-ups, and the Welfare Gains from Trade," NBER Working Papers 19273, National Bureau of Economic Research, Inc.
    18. Crowley, Meredith A. & Han, Lu & Prayer, Thomas, 2024. "The pro-competitive effects of trade agreements," Journal of International Economics, Elsevier, vol. 150(C).
    19. Altomonte, Carlo & Favoino, Domenico & Morlacco, Monica & Sonno, Tommaso, 2021. "Markups, intangible capital and heterogeneous financial frictions," LSE Research Online Documents on Economics 114280, London School of Economics and Political Science, LSE Library.
    20. Pau Pujolas & Wyatt Brooks, 2013. "Trade Patterns, Income Differences and Gains from Trade," 2013 Meeting Papers 445, Society for Economic Dynamics.
    21. Kenji Fujiwara, 2024. "Firm heterogeneity in competition among the big and the small," Bulletin of Economic Research, Wiley Blackwell, vol. 76(1), pages 147-166, January.
    22. John Asker & Allan Collard-Wexler & Jan De Loecker, 2017. "Market Power, Production (Mis)Allocation and OPEC," NBER Working Papers 23801, National Bureau of Economic Research, Inc.
    23. Macedoni, Luca & Weinberger, Ariel, 2019. "Quality Heterogeneity and Misallocation: The Welfare Benefits of Raising your Standards," MPRA Paper 95529, University Library of Munich, Germany.
    24. Diego Restuccia & Richard Rogerson, 2017. "The Causes and Costs of Misallocation," Working Papers tecipa-581, University of Toronto, Department of Economics.
    25. Roberto Ramos & Manuel García-Santana & Jose Asturias, 2014. "Misallocation, Internal Trade, and the Role of Transportation Infrastructure," 2014 Meeting Papers 1035, Society for Economic Dynamics.
    26. Huang, Hanwei & Manova, Kalina & Perello, Oscar & Pisch, Frank, 2024. "Firm heterogeneity and imperfect competition in global production networks," LSE Research Online Documents on Economics 126808, London School of Economics and Political Science, LSE Library.
    27. Sungki Hong, 2017. "Customer Capital, Markup Cyclicality, and Amplification," Working Papers 2017-33, Federal Reserve Bank of St. Louis.
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    176. Sungki Hong, 2017. "Markup Cyclicality: A Tale of Two Models," Working Papers 2017-34, Federal Reserve Bank of St. Louis.
    177. Kazunobu HAYAKAWA & Shujiro URATA & Kenta YAMANOUCHI, 2022. "Import Competition from China and Markup Dispersion," Discussion papers 22031, Research Institute of Economy, Trade and Industry (RIETI).
    178. Luca Macedoni & Rui Zhang & Frederic Warzynski, 2024. "Fight or Flight? How Do Firms Adapt Their Product Mix in Response to Demand and Competition," CESifo Working Paper Series 11144, CESifo.
    179. Nicolas Ziebarth, 2013. "Are China and India Backwards? Evidence from the 19th Century U.S. Census of Manufactures," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(1), pages 86-99, January.
    180. Firooz, Hamid, 2025. "The pro-competitive consequences of trade in frictional labor markets," Journal of International Economics, Elsevier, vol. 153(C).
    181. Guo, Di & Jiang, Kun & Xu, Chenggang & Yang, Xiyi, 2023. "Geographic clusters, regional productivity and resource reallocation across firms: Evidence from China," Research Policy, Elsevier, vol. 52(2).
    182. Andrea, Colciago & Rajssa, Mechelli, 2019. "Competition and Inequality: Aiyagari meets Bertrand and Cournot," Working Papers 398, University of Milano-Bicocca, Department of Economics, revised Jan 2019.
    183. Luca Macedoni & Vladimir Tyazhelnikov, 2024. "Oligopoly and oligopsony in international trade," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 57(2), pages 401-429, May.
    184. Dalton, John T. & Goksel, Turkmen, 2013. "Firm taxation and the endogenous distribution of markups," Economics Letters, Elsevier, vol. 121(3), pages 520-523.
    185. Sun, Puyang & Tan, Yong & Yang, Guang, 2020. "Export, FDI and the welfare gains from trade liberalization," Economic Modelling, Elsevier, vol. 92(C), pages 230-238.
    186. Liu, Chong & Wang, Wei & Wu, Qunfeng, 2019. "Transportation infrastructure, competition and productivity: Theory and evidence from China," Economics Letters, Elsevier, vol. 174(C), pages 74-77.
    187. Beatriz de Blas & Katheryn N. Russ, 2015. "Understanding Markups in the Open Economy," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(2), pages 157-180, April.
    188. Shawn Tan, 2012. "Structural Estimation of a Flexible Translog Gravity Model," Department of Economics - Working Papers Series 1164, The University of Melbourne.
    189. Chara Vavoura, 2024. "The Rise of the Superstars: Uncovering the Composition Effect of International Trade That Cements the Dominant Position of Big Businesses," Mathematics, MDPI, vol. 12(10), pages 1-21, May.
    190. Burstein, A. & Carvalho, V. M. & Grassi, B., 2020. "Bottom-up Markup Fluctuations," Cambridge Working Papers in Economics 2096, Faculty of Economics, University of Cambridge.
    191. Hoste, J. & Verboven, F., 2024. "Uncovering the Sources of Geographic Market Segmentation: Evidence from the EU and the US," Cambridge Working Papers in Economics 2402, Faculty of Economics, University of Cambridge.
    192. Jung, Benjamin & Felbermayr, Gabriel & Larch, Mario, 2013. "Icebergs versus Tariffs: A Quantitative Perspective on the Gains from Trade," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79707, Verein für Socialpolitik / German Economic Association.
    193. Fan, Haichao & Gao, Xiang & Li, Yao Amber & Luong, Tuan Anh, 2018. "Trade liberalization and markups: Micro evidence from China," Journal of Comparative Economics, Elsevier, vol. 46(1), pages 103-130.
    194. Jin, Gang & Zhang, Jiwen & Ye, Yongwei & Yao, Shiqi & Song, Jingxiang, 2024. "Social insurance law and firm markup in China," Economic Modelling, Elsevier, vol. 132(C).
    195. Haarburger, Richard & Stemmler, Henry, 2023. "Taking over the World? Automation and Market Power," EconStor Preprints 281378, ZBW - Leibniz Information Centre for Economics.
    196. Wen Yue & Xuefei Li, 2023. "Financial constraints and firms’ markup: evidence from China," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 10(1), pages 1-13, December.
    197. Li, Haoyang & Wu, Nan & Zhao, Jinhua, 2025. "Markup dispersion, industry coverage and the cost of environmental regulation," Journal of Environmental Economics and Management, Elsevier, vol. 130(C).
    198. Oscar Perello, 2025. "Trade Intermediation and Resilience in Global Sourcing," CEPREMAP Working Papers (Docweb) 2503, CEPREMAP.
    199. Jaravel, Xavier Laurent & Sager, Erick, 2019. "What are the price effects of trade? Evidence from the US and implications for quantitative trade models," LSE Research Online Documents on Economics 121819, London School of Economics and Political Science, LSE Library.
    200. Erbahar, Aksel & Zi, Yuan, 2017. "Cascading trade protection: Evidence from the US," Journal of International Economics, Elsevier, vol. 108(C), pages 274-299.
    201. Liu, Mengdi & Zhang, Bing & Liao, Xianchun, 2022. "Can trade liberalization promote green production? Evidence from China's manufacturing enterprises," Journal of Asian Economics, Elsevier, vol. 79(C).
    202. Esra Durceylan, 2019. "Tax efficiency in a model of endogenous markups," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 10(3), pages 401-418, November.
    203. Emilie Dargaud & Maxime Menuet & Petros G. Sekeris, 2024. "Collusion and predation under Cournot competition," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(1), pages 315-325, January.
    204. Xie, Enze & Xu, Mingzhi & Yu, Miaojie, 2024. "Trade liberalization, labor market power, and misallocation across firms: Evidence from China's WTO accession," Journal of Development Economics, Elsevier, vol. 171(C).
    205. Ana Cristina Soares, 2020. "Price-cost margin and bargaining power in the European Union," Empirical Economics, Springer, vol. 59(5), pages 2093-2123, November.
    206. Huang, Yi & Lin, Chen & Liu, Sibo & Tang, Heiwai, 2023. "Trade networks and firm value: Evidence from the U.S.-China trade war," Journal of International Economics, Elsevier, vol. 145(C).
    207. Cedric Duprez & Glenn Magerman, 2018. "Price Updating in Production Networks," Working Paper Research 352, National Bank of Belgium.
    208. Pham, Hoang, 2023. "Trade reform, oligopsony, and labor market distortion: Theory and evidence," Journal of International Economics, Elsevier, vol. 144(C).
    209. Mengchao Zhao & Xiang Xiao & Jiaan Yang & Haonan Chen, 2024. "Do regional tax incentive policies improve productivity?," PLOS ONE, Public Library of Science, vol. 19(8), pages 1-30, August.
    210. Chatterjee, S., 2019. "Market Power and Spatial Competition in Rural India," Cambridge Working Papers in Economics 1921, Faculty of Economics, University of Cambridge.
    211. Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2021. "International Trade with Heterogeneous Firms: Theory and Evidence," CESifo Working Paper Series 9423, CESifo.
    212. Esposito, Federico, 2020. "Demand Risk and Diversification through International Trade," MPRA Paper 100865, University Library of Munich, Germany.
    213. Choi, Jaedo, 2025. "Lobbying, trade, and misallocation," Journal of International Economics, Elsevier, vol. 155(C).
    214. Siying Ding & Ahmad Lashkaripour & Volodymyr Lugovskyy, 2024. "A Global Perspective on the Incidence of Monopoly Distortions," CESifo Working Paper Series 11211, CESifo.
    215. Matteo Neri-Lainé & Gianluca Orefice & Michele Ruta, 2025. "Deep Trade Agreements and Heterogeneous Firms’ Exports," Working Papers 2025-11, CEPII research center.
    216. Suveg, Melinda, 2021. "Does Firm Exit Increase Prices?," Working Paper Series 1414, Research Institute of Industrial Economics.
    217. Heresi, Rodrigo, 2024. "Market Power in Latin America in Worldwide Perspective: An Empirical Exploration," IDB Publications (Working Papers) 13610, Inter-American Development Bank.
    218. Jan De Loecker & Johannes Van Biesebroeck, 2016. "Effect of International Competition on Firm Productivity and Market Power," NBER Working Papers 21994, National Bureau of Economic Research, Inc.
    219. Allub, Lian & Aragon, Nicolas, 2023. "Asymmetric effects of trade and FDI: The role of country size and bridge multinational production," European Economic Review, Elsevier, vol. 160(C).
    220. Dinopoulos, Elias & Unel, Bulent, 2013. "A simple model of quality heterogeneity and international trade," Journal of Economic Dynamics and Control, Elsevier, vol. 37(1), pages 68-83.
    221. Alexander Osharin & Valery Verbus, 2016. "Heterogeneous consumers and trade patterns in a monopolistically competitive setting," HSE Working papers WP BRP 131/EC/2016, National Research University Higher School of Economics.
    222. Tomas R. Martinez & Thiago Trafane Oliveira Santos, 2024. "Revisiting the Facts of Economic Growth: insights from assessing misallocation over 70 years for up to 100 countries," Business and Economics Working Papers 239, Unidade de Negocios e Economia, Insper.
    223. Xinheng Liu & Ziyuan Pan & Dongli Fang, 2023. "Agglomeration, resource reallocation and domestic value‐added ratio in exports," Growth and Change, Wiley Blackwell, vol. 54(1), pages 182-213, March.
    224. Wen-Tai Hsu & Lin Lu & Pierre M. Picard, 2023. "Income inequality, productivity, and international trade," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(1), pages 203-249, July.
    225. Dou, Yiwei & Li, Geng & Ronen, Joshua, 2024. "Does the CARD Act affect price responsiveness? Evidence from credit card solicitations," Journal of Banking & Finance, Elsevier, vol. 164(C).
    226. Giammario Impullitti & Syed Kazmi, 2022. "Globalization and market power," Discussion Papers 2022-03, University of Nottingham, GEP.
    227. Varela, Liliana, 2018. "Reallocation, competition, and productivity: evidence from a financial liberalization episode," LSE Research Online Documents on Economics 102060, London School of Economics and Political Science, LSE Library.
    228. Rabah Amir & Jim Y. Jin & Michael Troege, 2022. "On the limits of free trade in a Cournot world: When are restrictions on trade beneficial?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(4), pages 2036-2057, November.
    229. Stefano Iandolo & Anna Maria Ferragina, 2023. "Innovate to Resist: Are Innovators Shielded from External Shocks?," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(3), pages 997-1025, November.
    230. Ardelean, Adina & Lugovskyy, Volodymyr, 2023. "It Pays to be big: Price discrimination in maritime shipping," European Economic Review, Elsevier, vol. 153(C).
    231. Tomás R. Martinez & Thiago Trafane Oliveira Santos, 2024. "Disentangling Brazilian TFP: the role of misallocation in recent economic cycles," Working Papers Series 609, Central Bank of Brazil, Research Department.
    232. Ling-Yun He & Geng Huang, 2020. "Tariff Reduction and Environment: Evidence from CAFTA and Chinese Manufacturing Firms," Sustainability, MDPI, vol. 12(5), pages 1-25, March.

  21. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2012. "Trade wedges, inventories, and international business cycles," Working Papers 12-16, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Chaban, Maxym, 2024. "Exchange rate dynamics and consumption of traded goods," Journal of Macroeconomics, Elsevier, vol. 80(C).
    2. Ana Maria Santacreu & Fernando Leibovici, 2016. "International Trade Fluctuations and Monetary Policy," 2016 Meeting Papers 367, Society for Economic Dynamics.
    3. Iossifov, Plamen, 2014. "Cross-border production chains and business cycle co-movement between Central and Eastern European countries and euro area member states," Working Paper Series 1628, European Central Bank.
    4. Valery Charnavoki, 2017. "Retail Sales of Durable Goods, Inventories and Imports after Large Devaluations," 2017 Meeting Papers 402, Society for Economic Dynamics.
    5. Arne J. Nagengast & Robert Stehrer, 2015. "The Great Collapse in Value Added Trade," wiiw Working Papers 112, The Vienna Institute for International Economic Studies, wiiw.
    6. Xiaotao Zhao & Xiaoping Chen, 2022. "Inventory Management with Trade Policy Uncertainty," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(5), pages 128-153, September.
    7. Shafaat Yar Khan & Armen Khederlarian, 2025. "Inventories, Input Costs, And Productivity Gains From Trade Liberalizations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(1), pages 175-199, February.
    8. Xiaotao Zhao & Xiaoping Chen, 2019. "Export and Inventory: Evidence from Chinese Firms," Economic Growth Centre Working Paper Series 1901, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    9. Yuko Imura & Julia Thomas, 2015. "Productive Misallocation and International Transmission of Credit Shocks," Staff Working Papers 15-19, Bank of Canada.
    10. George Alessandria & Horag Choi, 2019. "Entry, Trade, and Exporting over the Cycle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(S1), pages 83-126, December.
    11. George Alessandria & Horag Choi & Kim Ruhl, 2018. "Trade Adjustment Dynamics and the Welfare Gains from Trade," 2018 Meeting Papers 1324, Society for Economic Dynamics.
    12. Renzo Alvarez & Amin Shoja & Syed Uddin & Hakan Yilmazkuday, 2018. "Daily Exchange Rate Pass-through into Micro Prices," Working Papers 1803, Florida International University, Department of Economics.
    13. Wei Liao & Ana Maria Santacreu, 2014. "The Trade Comovement Puzzle and the Margins of International Trade," Working Papers 2014-43, Federal Reserve Bank of St. Louis.
    14. Miyamoto, Wataru & Nguyen, Thuy Lan, 2017. "Understanding the cross-country effects of U.S. technology shocks," Journal of International Economics, Elsevier, vol. 106(C), pages 143-164.
    15. George Alessandria & Horag Choi & Joseph P. Kaboski & Virgiliu Midrigan, 2014. "Microeconomic uncertainty, international trade, and aggregate fluctuations," Working Papers 14-30, Federal Reserve Bank of Philadelphia.
    16. Hakan Yilmazkuday, 2019. "The Great Trade Collapse: An Evaluation of Competing Stories," Working Papers 1902, Florida International University, Department of Economics.
    17. Alok Johri & Terry Yip, 2015. "Financial Shocks, Customer Capital and the Trade Collapse of 2008-2009," Department of Economics Working Papers 2015-13, McMaster University, revised Sep 2015.
    18. Imtiaz Ahmad & Zafar Mahmood, 2018. "Inventory, Marketing and Markups of Exporters: The Case of Spinning, Weaving and Finishing Textile Sector of Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 23(2), pages 1-17, July-Dec.
    19. Joseph Steinberg, 2019. "On the Source of U.S. Trade Deficits: Global Saving Glut or Domestic Saving Drought?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 200-223, January.
    20. Chakraborty, Indraneel & Hai, Rong & Holter, Hans A. & Stepanchuk, Serhiy, 2017. "The real effects of financial (dis)integration: A multi-country equilibrium analysis of Europe," Journal of Monetary Economics, Elsevier, vol. 85(C), pages 28-45.
    21. Mac Mullen, Marcos & Woo, Soo Kyung, 2025. "Real exchange rate and net trade dynamics: Financial and trade shocks," Journal of International Economics, Elsevier, vol. 157(C).
    22. George Alessandria & Carter Mix, 2021. "Trade Policy is Real News: Theory and Evidence," International Finance Discussion Papers 1330, Board of Governors of the Federal Reserve System (U.S.).
    23. Ready, Robert & Roussanov, Nikolai & Ward, Colin, 2017. "After the tide: Commodity currencies and global trade," Journal of Monetary Economics, Elsevier, vol. 85(C), pages 69-86.
    24. Beshkar, Mostafa & Shourideh, Ali, 2020. "Optimal trade policy with trade imbalances," Journal of Monetary Economics, Elsevier, vol. 109(C), pages 65-82.
    25. Hirata, Hideaki, 2014. "Preference shocks, international frictions, and international business cycles," Journal of Asian Economics, Elsevier, vol. 34(C), pages 92-104.
    26. Xiaotao Zhao & Xiaoping Chen, 2020. "Export And Inventory: Evidence From Chinese Firms," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 65(02), pages 403-417, March.
    27. Joseph Steinberg, 2017. "Brexit and the Macroeconomic Impact of Trade Policy Uncertainty," 2017 Meeting Papers 216, Society for Economic Dynamics.
    28. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2012. "Trade wedges, inventories, and international business cycles," Working Papers 12-16, Federal Reserve Bank of Philadelphia.
    29. Alessandria, George & Choi, Horag, 2021. "The dynamics of the U.S. trade balance and real exchange rate: The J curve and trade costs?," Journal of International Economics, Elsevier, vol. 132(C).
    30. Paul Ilhak Ko, 2020. "Dissecting Trade and Business Cycle Co-movement," 2020 Papers pko1026, Job Market Papers.
    31. Ramon Xifré, 2021. "Non‐Price Competitiveness Factors—A simple measure and implications for the five largest euro area countries," The World Economy, Wiley Blackwell, vol. 44(11), pages 3091-3110, November.
    32. Xu, Yudong & Zhou, Yanxia & Yuan, Jian & Xu, Yuan & Zhou, Xiaoyu, 2023. "External shocks, global value chain transmission and China's export fluctuation," Finance Research Letters, Elsevier, vol. 58(PB).
    33. Sarte, Pierre-Daniel & Schwartzman, Felipe & Lubik, Thomas A., 2015. "What inventory behavior tells us about how business cycles have changed," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 264-283.
    34. Alberto Cavallo & Brent Neiman & Roberto Rigobon, 2012. "Currency Unions, Product Introductions, and the Real Exchange Rate," NBER Working Papers 18563, National Bureau of Economic Research, Inc.
    35. Rudolfs Bems & Robert C. Johnson & Kei-Mu Yi, 2012. "The Great Trade Collapse," NBER Working Papers 18632, National Bureau of Economic Research, Inc.
    36. Epstein, Brendan & Finkelstein Shapiro, Alan & Gonzalez Gomez, Andres, 2018. "Global Financial Risk, Domestic Financial Access, and Unemployment Dynamics," MPRA Paper 88692, University Library of Munich, Germany.

  22. Virgiliu Midrigan & Joe Kaboski & George Alessandria, 2012. "Trade, Inventories, and International Business Cycles," 2012 Meeting Papers 762, Society for Economic Dynamics.

    Cited by:

    1. Iossifov, Plamen, 2014. "Cross-border production chains and business cycle co-movement between Central and Eastern European countries and euro area member states," Working Paper Series 1628, European Central Bank.
    2. George Alessandria & Joseph Kaboski & Virgiliu Midrigan, 2012. "Trade Wedges, Inventories, and International Business Cycles," NBER Working Papers 18191, National Bureau of Economic Research, Inc.
    3. Wei Liao & Ana Maria Santacreu, 2014. "The Trade Comovement Puzzle and the Margins of International Trade," Working Papers 2014-43, Federal Reserve Bank of St. Louis.
    4. George Alessandria, 2013. "The great trade collapse (and recovery)," Business Review, Federal Reserve Bank of Philadelphia, issue Q1, pages 1-10.
    5. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2011. "U.S. trade and inventory dynamics," Working Papers 11-6, Federal Reserve Bank of Philadelphia.
    6. Alberto Cavallo & Brent Neiman & Roberto Rigobon, 2012. "Currency Unions, Product Introductions, and the Real Exchange Rate," NBER Working Papers 18563, National Bureau of Economic Research, Inc.
    7. Rudolfs Bems & Robert C. Johnson & Kei-Mu Yi, 2012. "The Great Trade Collapse," NBER Working Papers 18632, National Bureau of Economic Research, Inc.

  23. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2011. "U.S. trade and inventory dynamics," Working Papers 11-6, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Gábor Békés & Lionel Fontagné & Balázs Muraközy & Vincent Vicard, 2012. "How frequently firms export? Evidence from France," Working Papers 2012-06, CEPII research center.
    2. Leibovici, Fernando & Waugh, Michael E., 2019. "International trade and intertemporal substitution," Journal of International Economics, Elsevier, vol. 117(C), pages 158-174.
    3. Iacovone, Leonardo & Ferro, Esteban & Pereira-López, Mariana & Zavacka, Veronika, 2019. "Banking crises and exports: Lessons from the past," Journal of Development Economics, Elsevier, vol. 138(C), pages 192-204.
    4. Simola, Heli, 2021. "Trade collapse during the covid-19 crisis and the role of demand composition," BOFIT Discussion Papers 12/2021, Bank of Finland Institute for Emerging Economies (BOFIT).
    5. Dennis Novy & Alan M. Taylor, 2014. "Trade and Uncertainty," CESifo Working Paper Series 4819, CESifo.
    6. Yuri SASAKI & Yushi YOSHIDA, 2017. "Factor Decomposition of Japan's Trade Balance," Discussion papers 17042, Research Institute of Economy, Trade and Industry (RIETI).
    7. Md Deluair Hossen, 2023. "Financing Costs, Per-Shipment Costs and Shipping Frequency: Firm-Level Evidence from Bangladesh," Papers 2303.04223, arXiv.org.
    8. Xiaotao Zhao & Xiaoping Chen, 2022. "Inventory Management with Trade Policy Uncertainty," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(5), pages 128-153, September.
    9. Caballero, Julian & Candelaria, Christopher & Hale, Galina, 2018. "Bank linkages and international trade," Journal of International Economics, Elsevier, vol. 115(C), pages 30-47.
    10. Arne J. Nagengast & Robert Stehrer, 2016. "The Great Collapse in Value Added Trade," Review of International Economics, Wiley Blackwell, vol. 24(2), pages 392-421, May.
    11. Gábor Békés & Lionel Fontagné & Balázs Muraközy & Vincent Vicard, 2017. "Shipment frequency of exporters and demand uncertainty," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 153(4), pages 779-807, November.
    12. Mehl, Arnaud & Sabbadini, Giulia & Schmitz, Martin & Tille, Cédric, 2024. "Distance(s) and the volatility of international trade(s)," European Economic Review, Elsevier, vol. 167(C).
    13. Esposito, Piero & Messori, Marcello, 2019. "Competitive or recession gains? On the recent macroeconomic rebalances in the EMU," The North American Journal of Economics and Finance, Elsevier, vol. 47(C), pages 147-167.
    14. Kropf, Andreas & Sauré, Philip, 2014. "Fixed costs per shipment," Journal of International Economics, Elsevier, vol. 92(1), pages 166-184.
    15. Agostino, M. & Nifo, A. & Ruberto, S. & Scalera, D. & Trivieri, F., 2022. "Productivity changes in the automotive industry of three European countries. An application of the Malmquist index decomposition analysis," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 216-226.
    16. Veronika Zavacka, 2012. "The bullwhip effect and the Great Trade Collapse," Working Papers 148, European Bank for Reconstruction and Development, Office of the Chief Economist.
    17. Didier, Tatiana & Hevia, Constantino & Schmukler, Sergio L., 2011. "How resilient and countercyclical were emerging economies to the global financial crisis ?," Policy Research Working Paper Series 5637, The World Bank.
    18. Fontagné, Lionel & Békés, Gábor & Muraközy, Balázs & Vicard, Vincent, 2015. "Shipment frequency of exporters and demand uncertainty: An inventory management approach," CEPR Discussion Papers 11013, C.E.P.R. Discussion Papers.
    19. Pomfret, Richard, 2014. "European crises and the Asian economies," Journal of Asian Economics, Elsevier, vol. 31, pages 71-81.
    20. Didier, Tatiana & Hevia, Constantino & Schmukler, Sergio L., 2012. "How resilient and countercyclical were emerging economies during the global financial crisis?," Journal of International Money and Finance, Elsevier, vol. 31(8), pages 2052-2077.
    21. Bosupeng, Mpho & Naranpanawa, Athula & Su, Jen-Je, 2024. "Does exchange rate volatility affect the impact of appreciation and depreciation on the trade balance? A nonlinear bivariate approach," Economic Modelling, Elsevier, vol. 130(C).
    22. Claessens, Stijn & van Horen, Neeltje, 2021. "Foreign banks and trade," Journal of Financial Intermediation, Elsevier, vol. 45(C).
    23. Khan, Shafaat Yar & Khederlarian, Armen, 2021. "How does trade respond to anticipated tariff changes? Evidence from NAFTA," Journal of International Economics, Elsevier, vol. 133(C).
    24. João Amador & Sónia Cabral, 2014. "Global Value Chains: Surveying Drivers, Measures and Impacts," Working Papers w201403, Banco de Portugal, Economics and Research Department.
    25. Christopher J. Chen & Nitish Jain & S. Alex Yang, 2023. "The Impact of Trade Credit Provision on Retail Inventory: An Empirical Investigation Using Synthetic Controls," Management Science, INFORMS, vol. 69(8), pages 4591-4608, August.
    26. Brancati, Emanuele & Brancati, Raffaele, 2020. "Heterogeneous Shocks in the Covid-19 Pandemic: Panel Evidence from Italian Firms," GLO Discussion Paper Series 649, Global Labor Organization (GLO).
    27. Richard Pomfret, 2012. "The Post-2007 Crises and Europe's Place in the Global Economy," CASE Network Studies and Analyses 439, CASE-Center for Social and Economic Research.
    28. Xiaotao Zhao & Xiaoping Chen, 2020. "Export And Inventory: Evidence From Chinese Firms," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 65(02), pages 403-417, March.
    29. Simola, Heli, 2021. "The impact of Covid-19 on global value chains," BOFIT Policy Briefs 2/2021, Bank of Finland Institute for Emerging Economies (BOFIT).
    30. Emanuele Brancati & Raffaele Brancati & Andrea Maresca, 2017. "Global value chains, innovation and performance: firm-level evidence from the Great Recession," Journal of Economic Geography, Oxford University Press, vol. 17(5), pages 1039-1073.
    31. A. M. M. Shahiduzzaman Quoreshi & Trudy-Ann Stone, 2019. "Do Global Value Chains Make Firms More Vulnerable to Trade Shocks?—Evidence from Manufacturing Firms in Sweden," JRFM, MDPI, vol. 12(3), pages 1-16, September.
    32. Richard Pomfret, 2011. "Global Crises, Fiscal Imbalances and Global Instability: Interests and Reactions of Asian Economies," School of Economics and Public Policy Working Papers 2011-33, University of Adelaide, School of Economics and Public Policy.
    33. Alessandria, George & Choi, Horag, 2021. "The dynamics of the U.S. trade balance and real exchange rate: The J curve and trade costs?," Journal of International Economics, Elsevier, vol. 132(C).
    34. Chiara Criscuolo & Jonathan Timmis, 2017. "The Relationship Between Global Value Chains and Productivity," International Productivity Monitor, Centre for the Study of Living Standards, vol. 32, pages 61-83, Spring.
    35. Xu, Yudong & Zhou, Yanxia & Yuan, Jian & Xu, Yuan & Zhou, Xiaoyu, 2023. "External shocks, global value chain transmission and China's export fluctuation," Finance Research Letters, Elsevier, vol. 58(PB).
    36. Alessandria, George & Kaboski, Joseph & Midrigan, Virgiliu, 2013. "Trade wedges, inventories, and international business cycles," Journal of Monetary Economics, Elsevier, vol. 60(1), pages 1-20.
    37. Carlo Altomonte & Filippo Di Mauro & Gianmarco Ottaviano & Armando Rungi & Vincent Vicard, 2012. "Global Value Chains during the Great Trade Collapse: A Bullwhip Effect?," Working papers 364, Banque de France.
    38. Casalin, Fabrizio & Pang, Gu & Maioli, Sara & Cao, Ting, 2017. "Inventories and the concentration of suppliers and customers: Evidence from the Chinese manufacturing sector," International Journal of Production Economics, Elsevier, vol. 193(C), pages 148-159.
    39. Martin Borowiecki & Bernhard Dachs & Doris Hanzl-Weiss & Steffen Kinkel & Johannes Pöschl & Magdolna Sass & Thomas Christian Schmall & Robert Stehrer & Andrea Szalavetz, 2012. "Global Value Chains and the EU Industry," wiiw Research Reports 383, The Vienna Institute for International Economic Studies, wiiw.
    40. Croce, Mariano & Colacito, Ric & Ho, Steven & Howard, Philip, 2018. "BKK the EZ Way. International Long-Run Growth News and Capital Flows," CEPR Discussion Papers 12783, C.E.P.R. Discussion Papers.
    41. Rudolfs Bems & Robert C. Johnson & Kei-Mu Yi, 2012. "The Great Trade Collapse," NBER Working Papers 18632, National Bureau of Economic Research, Inc.
    42. Lucia Errico & Sandro Rondinella & Francesco Trivieri, 2025. "Financial Constraints and Firms’ Productivity: The Role of Participation in Global Value Chains," Open Economies Review, Springer, vol. 36(4), pages 1229-1253, September.
    43. Alyson C. Ma & Ari Van Assche, 2012. "Is East Asia's Economic Fate Chained to the West?," CIRANO Working Papers 2012s-11, CIRANO.

  24. Chris Edmond & Virgiliu Midrigan & Daniel Yi Xu, 2011. "Competition , Markups, and the Gains from," Department of Economics - Working Papers Series 1183, The University of Melbourne, revised 2014.

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    1. Thomas Sampson, 2014. "Dynamic Selection: An Idea Flows Theory of Entry, Trade and Growth," CEP Discussion Papers dp1288, Centre for Economic Performance, LSE.
    2. Colin Hottman & Stephen J. Redding & David E. Weinstein, 2014. "What is 'Firm Heterogeneity' in Trade Models? The Role of Quality, Scope, Markups and Cost," CEP Discussion Papers dp1294, Centre for Economic Performance, LSE.
    3. Thomas J. Holmes & Wen-Tai Hsu & Sanghoon Lee, 2013. "Allocative Efficiency, Mark-ups, and the Welfare Gains from Trade," NBER Working Papers 19273, National Bureau of Economic Research, Inc.
    4. Pau Pujolas & Wyatt Brooks, 2013. "Trade Patterns, Income Differences and Gains from Trade," 2013 Meeting Papers 445, Society for Economic Dynamics.
    5. Roberto Ramos & Manuel García-Santana & Jose Asturias, 2014. "Misallocation, Internal Trade, and the Role of Transportation Infrastructure," 2014 Meeting Papers 1035, Society for Economic Dynamics.
    6. Colin Hottman & Stephen J. Redding & David E. Weinstein, 2014. "Quantifying the Sources of Firm Heterogeneity," NBER Working Papers 20436, National Bureau of Economic Research, Inc.
    7. James A. Schmitz, 2012. "New and larger costs of monopoly and tariffs," Staff Report 468, Federal Reserve Bank of Minneapolis.
    8. Arnaud Costinot & Andrés Rodríguez-Clare, 2013. "Trade Theory with Numbers: Quantifying the Consequences of Globalization," NBER Working Papers 18896, National Bureau of Economic Research, Inc.
    9. Andrew B. Bernard & J. Bradford Jensen & Stephen J. Redding & Peter K. Schott, 2016. "Global Firms," NBER Working Papers 22727, National Bureau of Economic Research, Inc.
    10. Masahiro SATO & Taisuke KAMEDA & Shigeru SUGIHARA & Colin HOTTMAN, 2017. "The Contribution of Quality and Product Variety to Retail Growth in Japan," Economic Analysis, Economic and Social Research Institute (ESRI), vol. 194, pages 65-92, May.
    11. Felbermayr, Gabriel & Jung, Benjamin & Larch, Mario, 2013. "Icebergs versus tariffs: A quantitative perspective on the gains from trade," University of Tübingen Working Papers in Business and Economics 53, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    12. Wyatt J. Brooks & Pau S. Pujolàs, 2014. "Nonlinear Gravity," Department of Economics Working Papers 2014-15, McMaster University.
    13. Cœuré, Benoît, 2016. "The internationalisation of monetary policy," Journal of International Money and Finance, Elsevier, vol. 67(C), pages 8-12.
    14. Allan Collard-Wexler & Jan De Loecker, 2013. "Reallocation and Technology: Evidence from the U.S. Steel Industry," NBER Working Papers 18739, National Bureau of Economic Research, Inc.
    15. Benjamin R. Mandel, 2013. "Chinese exports and U.S. import prices," Staff Reports 591, Federal Reserve Bank of New York.
    16. Ahmed Waqar Qasim, 2023. "Firms and Technology Adoption: The Role of Political Institutions and Market Size (Article)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 62(1), pages 61-85.
    17. Yilmazkuday, Hakan, 2016. "Constant versus variable markups: Implications for the law of one price," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 154-168.
    18. Federico Esposito, 2016. "Risk Diversification and International Trade," 2016 Meeting Papers 302, Society for Economic Dynamics.
    19. Paul J.J. Welfens, 2015. "Transatlantisches Freihandelsabkommen EU-USA: Befunde zu den TTIP-Vorteilen und Anmerkungen zur TTIP-Debatte," EIIW Discussion paper disbei209, Universitätsbibliothek Wuppertal, University Library.
    20. Opp, Marcus M. & Parlour, Christine A. & Walden, Johan, 2014. "Markup cycles, dynamic misallocation, and amplification," Journal of Economic Theory, Elsevier, vol. 154(C), pages 126-161.
    21. Han QI & Haichao Fan & Edwin Lai, 2013. "Global Gains from Reduction of Trade Costs," 2013 Meeting Papers 1283, Society for Economic Dynamics.
    22. Ariel Weinberger, 2015. "Markups and misallocation with trade and heterogeneous firms," Globalization Institute Working Papers 251, Federal Reserve Bank of Dallas.
    23. Ossa, Ralph, 2015. "Why trade matters after all," Journal of International Economics, Elsevier, vol. 97(2), pages 266-277.
    24. Jae Wook Jung & Ina Simonovska & Ariel Weinberger, 2015. "Exporter Heterogeneity and Price Discrimination: A Quantitative View," NBER Working Papers 21408, National Bureau of Economic Research, Inc.
    25. Martin Alfaro & Frederic Warzynski, 2020. "Trade Liberalizations with Granular Firms," Working Papers 2020-09, University of Alberta, Department of Economics.
    26. Ariel Burstein & Javier Cravino, 2015. "Measured Aggregate Gains from International Trade," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(2), pages 181-218, April.
    27. Kunal Dasgupta & Jordi Mondria, 2015. "Gains from Trade under Quality Uncertainty," Working Papers tecipa-526, University of Toronto, Department of Economics.
    28. Liliana Varela, 2015. "Reallocation, Competition and Productivity: Evidence from a Financial Liberalization Episode," 2015 Meeting Papers 225, Society for Economic Dynamics.
    29. Robert C. Feenstra, 2014. "Restoring the Product Variety and Pro-competitive Gains from Trade with Heterogeneous Firms and Bounded Productivity," NBER Working Papers 19833, National Bureau of Economic Research, Inc.
    30. Nicolas Ziebarth, 2013. "Are China and India Backwards? Evidence from the 19th Century U.S. Census of Manufactures," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(1), pages 86-99, January.
    31. Dalton, John T. & Goksel, Turkmen, 2013. "Firm taxation and the endogenous distribution of markups," Economics Letters, Elsevier, vol. 121(3), pages 520-523.
    32. Beatriz de Blas & Katheryn N. Russ, 2015. "Understanding Markups in the Open Economy," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(2), pages 157-180, April.
    33. Shawn Tan, 2012. "Structural Estimation of a Flexible Translog Gravity Model," Department of Economics - Working Papers Series 1164, The University of Melbourne.
    34. Michelle Connolly & Kei-Mu Yi, 2015. "How Much of South Korea's Growth Miracle Can Be Explained by Trade Policy?," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(4), pages 188-221, October.
    35. Giammario Impullitti & Omar Licandro, 2013. "Trade, firm selection, and innovation: the competition channel," Discussion Papers 13/04, University of Nottingham, School of Economics.
    36. Dinopoulos, Elias & Unel, Bulent, 2013. "A simple model of quality heterogeneity and international trade," Journal of Economic Dynamics and Control, Elsevier, vol. 37(1), pages 68-83.
    37. Alexander Osharin & Valery Verbus, 2016. "Heterogeneous consumers and trade patterns in a monopolistically competitive setting," HSE Working papers WP BRP 131/EC/2016, National Research University Higher School of Economics.
    38. Felbermayr, Gabriel & Jung, Benjamin & Larch, Mario, 2015. "The welfare consequences of import tariffs: A quantitative perspective," Journal of International Economics, Elsevier, vol. 97(2), pages 295-309.

  25. Patrick J. Kehoe & Virgiliu Midrigan, 2010. "Prices are Sticky After All," NBER Working Papers 16364, National Bureau of Economic Research, Inc.

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    1. Isaac Baley & Andrés Blanco, 2019. "Firm Uncertainty Cycles and the Propagation of Nominal Shocks," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(1), pages 276-337, January.
    2. Demetris Koursaros & Nektarios Michail & Niki Papadopoulou & Christos Savva, 2023. "Sales and promotions and the great recession deflation," Empirical Economics, Springer, vol. 64(1), pages 349-392, January.
    3. Borraz, Fernando & Livan, Giacomo & Rodríguez-Martínez, Anahí & Picardo, Pablo, 2020. "Price, sales, and the business cycle: a time series principal component analysis," GLO Discussion Paper Series 735, Global Labor Organization (GLO).
    4. Yasufumi Gemma & Takushi Kurozumi & Mototsugu Shintani, 2023. "Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 506-520, December.
    5. Levy, Daniel & Snir, Avichai & Gotler, Alex & Chen, Haipeng (Allan), 2019. "Not all price endings are created equal: Price points and asymmetric price rigidity," MPRA Paper 91360, University Library of Munich, Germany.
    6. Berka, Martin & Devereux, Michael B. & Rudolph, Thomas, 2011. "Price setting in a leading Swiss online supermarket," Working Paper Series 18597, Victoria University of Wellington, School of Economics and Finance.
    7. Benjamin Eden, 2014. "Price dispersion and demand uncertainty: Evidence from US scanner data," Vanderbilt University Department of Economics Working Papers 14-00011, Vanderbilt University Department of Economics.
    8. Adalheidur O. Gudlaugsdottir & Karen A. Vignisdottir & Lilja S. Kro, 2022. "What a difference a decade makes - survey evidence from Icelandic firms," Economics wp90, Department of Economics, Central bank of Iceland.
    9. Richard Davies, 2021. "Prices and inflation in the UK - A new dataset," CEP Occasional Papers 55, Centre for Economic Performance, LSE.
    10. Sourav Ray & Avichai Snir & Daniel Levy, 2023. "Retail pricing format and rigidity of regular prices," Economica, London School of Economics and Political Science, vol. 90(360), pages 1173-1203, October.
    11. James Costain & Anton Nakov & Borja Petit, 2019. "Monetary policy implications of state-dependent prices and wages," Working Papers 1910, Banco de España.
    12. Adam, Klaus & Weber, Henning, 2020. "Estimating the Optimal Inflation Target from Trends in Relative Prices," CEPR Discussion Papers 14335, C.E.P.R. Discussion Papers.
    13. Maxim Sinitsyn, 2017. "Pricing with Prescheduled Sales," Marketing Science, INFORMS, vol. 36(6), pages 999-1014, November.
    14. Jennifer Peña & Elvira Prades, 2021. "Price setting in Chile: Micro evidence from consumer on-line prices during the social outbreak and Covid-19," Working Papers 2112, Banco de España.
    15. Luminita Stevens, 2011. "Pricing Regimes in Disaggregated Data," 2011 Meeting Papers 1389, Society for Economic Dynamics.
    16. P. J. Glandon & Matthew Jaremski, 2014. "Sales and Firm Entry: The Case of Wal‐Mart," Southern Economic Journal, John Wiley & Sons, vol. 81(1), pages 168-192, July.
    17. Klaus Adam & Henning Weber, 2019. "Price Trends Over the Product Life Cycle and the Optimal Inflation Target," CESifo Working Paper Series 7889, CESifo.
    18. Christian Beer & Robert Ferstl & Bernhard Graf & Fabio Rumler, 2023. "Grocery price setting in times of high inflation: what webscraped data tell us," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q4/22-Q1/, pages 43-54.
    19. Fan, Ying, 2022. "Demand shocks and price stickiness in housing market dynamics," Economic Modelling, Elsevier, vol. 110(C).
    20. Masahiro Higo & Shigenori Shiratsuka, 2022. "Was Inflation Observed under the First Wave of the COVID-19 Spread in Japan? Scanner Data Evidence for Retailers in Tokyo," Keio-IES Discussion Paper Series 2022-013, Institute for Economics Studies, Keio University.
    21. Xavier Gabaix, 2011. "A Sparsity-Based Model of Bounded Rationality," NBER Working Papers 16911, National Bureau of Economic Research, Inc.
    22. Hur, Joonyoung & Kim, Insu, 2017. "Inattentive agents and disagreement about economic activity," Economic Modelling, Elsevier, vol. 63(C), pages 175-190.
    23. Hobijn, Bart & Nechio, Fernanda & Shapiro, Adam Hale, 2021. "Using Brexit to identify the nature of price rigidities," Journal of International Economics, Elsevier, vol. 130(C).
    24. Guido Ascari & Timo Haber, 2019. "Sticky prices and the transmission mechanism of monetary policy: A minimal test of New Keynesian models," Economics Series Working Papers 869, University of Oxford, Department of Economics.
    25. Nao Sudo & Kozo Ueda & Kota Watanabe, 2013. "Micro Price Dynamics during Japan's Lost Decades," CAMA Working Papers 2013-63, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    26. Alex Nikolsko-Rzhevskyy & Oleksandr Talavera & Nam Vu, 2020. "The Flood that Caused a Drought," Discussion Papers 20-14, Department of Economics, University of Birmingham.
    27. Benjamin Eden & Maya Eden & Jonah Yuen, 2019. "Temporary sales in response to aggregate shocks," Vanderbilt University Department of Economics Working Papers 19-00003, Vanderbilt University Department of Economics.
    28. James Costain & Anton Nakov, 2011. "Distributional dynamics under smoothly state-dependent pricing," Finance and Economics Discussion Series 2011-50, Board of Governors of the Federal Reserve System (U.S.).
    29. Elberg, Andrés, 2016. "Sticky prices and deviations from the Law of One Price: Evidence from Mexican micro-price data," Journal of International Economics, Elsevier, vol. 98(C), pages 191-203.
    30. Karadi, Peter & Amann, Juergen & Bachiller, Javier Sánchez & Seiler, Pascal & Wursten, Jesse, 2023. "Price setting on the two sides of the Atlantic - Evidence from supermarket scanner data," Journal of Monetary Economics, Elsevier, vol. 140(S), pages 1-17.
    31. Nakamura, Emi & Steinsson, Jón, 2011. "Price setting in forward-looking customer markets," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 220-233.
    32. Carlos Carvalho & Niels Arne Dam & Jae Won Lee, 2020. "The Cross-Sectional Distribution of Price Stickiness Implied by Aggregate Data," The Review of Economics and Statistics, MIT Press, vol. 102(1), pages 162-179, March.
    33. J. Peña & E. Prades, 2021. "Price setting in Chile: Micro evidence from consumer on-line prices during the social outbreak and Covid-19," Working Papers Central Bank of Chile 906, Central Bank of Chile.
    34. Fernando Alvarez & Francesco Lippi, 2016. "Price plans and the real effects of monetary policy," EIEF Working Papers Series 1609, Einaudi Institute for Economics and Finance (EIEF), revised May 2016.
    35. Andrés Elberg & Pedro M. Gardete & Rosario Macera & Carlos Noton, 2019. "Dynamic effects of price promotions: field evidence, consumer search, and supply-side implications," Quantitative Marketing and Economics (QME), Springer, vol. 17(1), pages 1-58, March.
    36. Andrade, Philippe & Zachariadis, Marios, 2016. "Global versus local shocks in micro price dynamics," Journal of International Economics, Elsevier, vol. 98(C), pages 78-92.
    37. Nuno Clara, 2018. "Demand Elasticities, Nominal Rigidities and Asset Prices," 2018 Meeting Papers 790, Society for Economic Dynamics.
    38. Nicoletta Berardi & Erwan Gautier & Hervé Le Bihan, 2013. "More Facts about Prices: France Before and During the Great Recession," Working papers 425, Banque de France.
    39. Chong, Terence Tai Leung & Wu, Zhang, 2018. "Price Rigidity in China: Empirical Results at Home and Abroad," MPRA Paper 92013, University Library of Munich, Germany.
    40. Blakeley B. McShane & Chaoqun Chen & Eric T. Anderson & Duncan I. Simester, 2016. "Decision Stages and Asymmetries in Regular Retail Price Pass-Through," Marketing Science, INFORMS, vol. 35(4), pages 619-639, July.
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    45. David Staines, 2023. "Stochastic Equilibrium the Lucas Critique and Keynesian Economics," Papers 2312.16214, arXiv.org, revised Jun 2024.
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    47. Borraz, Fernando & Livan, Giacomo & Rodríguez-Martínez, Anahí & Picardo, Pablo, 2022. "Price, sales, and the business cycle: Microeconomic evidence," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(1).
    48. Andres Blanco & Bernardo Diaz de Astarloa & Andres Drenik & Christian Moser & Danilo Trupkin, 2021. "The Evolution of the Earnings Distribution in a Volatile Economy: Evidence from Argentina," CEDLAS, Working Papers 0280, CEDLAS, Universidad Nacional de La Plata.
    49. Honkapohja, Seppo & Evans, George W. & Mitra, Kaushik, 2020. "Expectations, Stagnation and Fiscal Policy: a Nonlinear Analysis," CEPR Discussion Papers 15171, C.E.P.R. Discussion Papers.
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    51. Sheremirov, Viacheslav, 2020. "Price dispersion and inflation: New facts and theoretical implications," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 59-70.
    52. Francesc Dilmé & Daniel Garrett, 2022. "A Dynamic Theory of Random Price Discounts," ECONtribute Discussion Papers Series 191, University of Bonn and University of Cologne, Germany.
    53. Huw David Dixon & Kun Tian, 2017. "What We can Learn About the Behaviour of Firms from the Average Monthly Frequency of Price-Changes: An Application to the UK CPI Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 79(6), pages 907-932, December.
    54. Carlos Garcia, 2012. "Impacto del Costo de la Energía Eléctrica en la Economía Chilena: Una Perspectiva Macroeconómica," ILADES-UAH Working Papers inv281, Universidad Alberto Hurtado/School of Economics and Business.
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    65. Gerba, Eddie, 2015. "Have the US macro-financial linkages changed? The balance sheet dimension," LSE Research Online Documents on Economics 59886, London School of Economics and Political Science, LSE Library.
    66. Diego Aparicio & Roberto Rigobon, 2020. "Quantum Prices," NBER Working Papers 26646, National Bureau of Economic Research, Inc.
    67. Hahn, Volker & Marenčák, Michal, 2020. "Price points and price dynamics," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 127-144.
    68. Seaton, Jonathan S. & Waterson, Michael, 2012. "Price flexibility in British supermarkets," Economic Research Papers 270631, University of Warwick - Department of Economics.
    69. James Costain & Anton Nakov, 2013. "Logit price dynamics," Working Papers 1301, Banco de España.
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    73. Seppo Honkapohja, 2016. "Monetary policies to counter the zero interest rate: an overview of research," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 43(2), pages 235-256, May.
    74. Terence Tai Leung Chong & M. S. Rafiq & Tingting Juni Zhu & Zhang Wu, 2019. "Are Prices Sticky In Large Developing Economies? An Empirical Comparison Of China And India," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(02), pages 341-363, March.
    75. Takushi Kurozumi & Willem Van Zandweghe, 2016. "Kinked Demand Curves, the Natural Rate Hypothesis, and Macroeconomic Stability," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 20, pages 240-257, April.
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    102. Gautier, Erwan & Karadi, Peter & Conflitti, Cristina & Fabo, Brian & Fadejeva, Ludmila & Fuss, Catherine & Kosma, Theodora & Jouvanceau, Valentin & Martins, Fernando & Menz, Jan-Oliver & Messner, Tere, 2023. "Price adjustment in the euro area in the low-inflation period: evidence from consumer and producer micro price data," Occasional Paper Series 319, European Central Bank.
    103. Francisca Sara-Zaror, 2024. "Inflation, Price Dispersion, and Welfare: The Role of Consumer Search," Finance and Economics Discussion Series 2024-047, Board of Governors of the Federal Reserve System (U.S.).
    104. Emi Nakamura & Jón Steinsson & Patrick Sun & Daniel Villar, 2016. "The Elusive Costs of Inflation: Price Dispersion during the U.S. Great Inflation," NBER Working Papers 22505, National Bureau of Economic Research, Inc.
    105. Kim, Seongeun, 2019. "Quality, price stickiness, and monetary policy," Journal of Macroeconomics, Elsevier, vol. 61(C), pages 1-1.
    106. Kozo Ueda & Kota Watanabe & Tsutomu Watanabe, 2020. "Consumer Inventory and the Cost of Living Index: Theory and Some Evidence from Japan," CARF F-Series CARF-F-491, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    107. Alfonso Rosolia, 2021. "Does information about current inflation affect expectations and decisions? Another look at Italian firms," Temi di discussione (Economic working papers) 1353, Bank of Italy, Economic Research and International Relations Area.
    108. Ueda, Kozo, 2023. "Duopolistic competition and monetary policy," Journal of Monetary Economics, Elsevier, vol. 135(C), pages 70-85.
    109. Athanasios Geromichalos & Lucas Herrenbrueck, 2017. "The Liquidity-Augmented Model of Macroeconomic Aggregates," Discussion Papers dp17-16, Department of Economics, Simon Fraser University.
    110. DongIk Kang & Andrew Usher, 2023. "Does Product Revenue Matter for Price Setting and Monetary Policy Transmission?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 297-345, January.
    111. Nicolás Forteza & Elvira Prades & Marc Roca, 2025. "Analyzing VAT pass-through in Spain using web-scraped supermarket data and machine learning," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 16(1), pages 137-189, March.
    112. Nuno Palma, 2019. "The Real Effects of Monetary Expansions: Evidence from a Large-Scale Historical Natural Experiment," Economics Discussion Paper Series 1904, Economics, The University of Manchester, revised Aug 2021.
    113. Sohei Kaihatsu & Mitsuru Katagiri & Noriyuki Shiraki, 2023. "Phillips Correlation and Price‐Change Distributions under Declining Trend Inflation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(5), pages 1271-1305, August.
    114. Nicolas Vincent, 2012. "Price Stickiness in Customer Markets with Reference Prices," Cahiers de recherche 1230, CIRPEE.
    115. César Salazar & Andrés Acuña‐Duarte & José Maria Gil, 2023. "Drought shocks and price adjustments in local food markets in Chile: Do product quality and marketing channel matter?," Agricultural Economics, International Association of Agricultural Economists, vol. 54(3), pages 349-363, May.
    116. Sayag, Doron & Snir, Avichai & Levy, Daniel, 2024. "Small Price Changes, Sales Volume, and Menu Cost," MPRA Paper 120419, University Library of Munich, Germany.
    117. Benjamin Eden & Maya Eden & Jonah Yuen, 2016. "Inside The Price Dispersion Box: Evidence From Us Scanner Data," Vanderbilt University Department of Economics Working Papers 16-00017, Vanderbilt University Department of Economics.
    118. Emi Nakamura & Jón Steinsson, 2013. "Price Rigidity: Microeconomic Evidence and Macroeconomic Implications," NBER Working Papers 18705, National Bureau of Economic Research, Inc.
    119. Aparicio, Diego & Bertolotto, Manuel I., 2020. "Forecasting inflation with online prices," International Journal of Forecasting, Elsevier, vol. 36(2), pages 232-247.
    120. Arespa, Marta, 2024. "The exchange rate regime, a determinant of the degree of risk sharing between profits and wages," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 1910-1932.
    121. Luminita Stevens, 2015. "Coarse Pricing Policies," Staff Report 520, Federal Reserve Bank of Minneapolis.
    122. Benhabib, Jess & Evans, George W. & Honkapohja, Seppo, 2014. "Liquidity traps and expectation dynamics: Fiscal stimulus or fiscal austerity?," Journal of Economic Dynamics and Control, Elsevier, vol. 45(C), pages 220-238.
    123. Wenbin Wu, 2022. "Sales of Durable Goods and the Real Effects of Monetary Policy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 80-92, January.
    124. Castelnuovo, Efrem & Pellegrino, Giovanni, 2018. "Uncertainty-dependent effects of monetary policy shocks: A new-Keynesian interpretation," Journal of Economic Dynamics and Control, Elsevier, vol. 93(C), pages 277-296.
    125. Honkapohja, Seppo & Mitra, Kaushik, 2020. "Price level targeting with evolving credibility," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 88-103.
    126. Nicoletta Berardi & Federico Ravenna & Mario Samano, 2020. "Everyday Regular Prices," Working papers 746, Banque de France.

  26. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2010. "The Great Trade Collapse of 2008-09: An Inventory Adjustment?," NBER Working Papers 16059, National Bureau of Economic Research, Inc.

    Cited by:

    1. Nicolas Berman & Philippe Martin, 2012. "The Vulnerability of Sub-Saharan Africa to Financial Crises: The Case of Trade," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 60(3), pages 329-364, September.
    2. Auboin, Marc & Borino, Floriana, 2017. "The falling elasticity of global trade to economic activity: Testing the demand channel," WTO Staff Working Papers ERSD-2017-09, World Trade Organization (WTO), Economic Research and Statistics Division.
    3. Chen, Natalie & Juvenal, Luciana, 2015. "Quality and the Great Trade Collapse," CAGE Online Working Paper Series 249, Competitive Advantage in the Global Economy (CAGE).
    4. Dennis Novy & Alan M. Taylor, 2014. "Trade and Uncertainty," CESifo Working Paper Series 4819, CESifo.
    5. Taylor, Alan M. & Benguria, Felipe, 2019. "After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade," CEPR Discussion Papers 13702, C.E.P.R. Discussion Papers.
    6. Se-Jik Kim & Hyun Song Shin, 2013. "Working Capital, Trade and Macro Fluctuations," Working Papers 1465, Princeton University, Department of Economics, Center for Economic Policy Studies..
    7. Li, Qingyuan & Li, Si & Xu, Li, 2018. "National elections and tail risk: International evidence," Journal of Banking & Finance, Elsevier, vol. 88(C), pages 113-128.
    8. Stijn Claessens & Hui Tong & Shang-Jin Wei, 2011. "From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels," NBER Working Papers 17360, National Bureau of Economic Research, Inc.
    9. Christian Henn & Brad McDonald, 2014. "Crisis Protectionism: The Observed Trade Impact," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 62(1), pages 77-118, April.
    10. Matthieu Bussiere & Alexander Chudik & Giulia Sestieri, 2012. "Modelling global trade flows: results from a GVAR model," Globalization Institute Working Papers 119, Federal Reserve Bank of Dallas.
    11. Filippo di Mauro & Joseph W. Gruber & Bernd Schnatz & Nico Zorell, 2011. "Where are global and U.S. trade heading in the aftermath of the trade collapse: issues and alternative scenarios," International Finance Discussion Papers 1017, Board of Governors of the Federal Reserve System (U.S.).
    12. Tim Schmidt-Eisenlohr, 2011. "Towards a Theory of Trade Finance," Economics Series Working Papers 583, University of Oxford, Department of Economics.
    13. Jorge F. Chávez & Antonio Cusato Novelli & Max Perez Leon, 2020. "Export Subsidies in Emerging Markets During the Great Trade Collapse," Economics Bulletin, AccessEcon, vol. 40(3), pages 1879-1892.
    14. Nicolas Berman & José de Sousa & Thierry Mayer & Philippe Martin, 2013. "Time to ship during Financial Crisis," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03460785, HAL.
    15. Benjamin Bridgman, 2010. "International Supply Chains and the Volatility of Trade," BEA Working Papers 0059, Bureau of Economic Analysis.
    16. Ender Demir & Giray Gozgor & Rangan Gupta & Huseyin Kaya, 2018. "Effects of Geopolitical Risks on Trade Flows: Evidence from the Gravity Model," Working Papers 201835, University of Pretoria, Department of Economics.
    17. Alessandria,George & Khan,Shafaat Yar & Khederlarian,Armen, 2021. "Taking Stock of Trade Policy Uncertainty : Evidence from China’s Pre-WTO Accession," Policy Research Working Paper Series 9551, The World Bank.
    18. Rahul Giri & Enrique Seira & Kensuke Teshima, 2013. "Did trade crisis affect different exporters differently? Case of Mexico," Working Papers 1304, Centro de Investigacion Economica, ITAM.
    19. Hummels, David & Lee, Kwan Yong, 2018. "The income elasticity of import demand: Micro evidence and an application," Journal of International Economics, Elsevier, vol. 113(C), pages 20-34.
    20. Enders, Zeno & Peter, Alexandra, 2015. "Global Banking, Trade, and the International Transmission of the Great Recession," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113022, Verein für Socialpolitik / German Economic Association.
    21. Cletus C. Coughlin, 2014. "The great trade collapse and rebound: a state-by-state view," Review, Federal Reserve Bank of St. Louis, vol. 96(1), pages 13-33.
    22. Kei-Mu Yi & Mr. Rudolfs Bems & Robert C. Johnson, 2010. "Demand Spillovers and the Collapse of Trade in the Global Recession," IMF Working Papers 2010/142, International Monetary Fund.
    23. Kose, M. Ayhan & Sugawara, Naotaka & E. Terrones, Marco, 2020. "Global Recessions," CEPR Discussion Papers 14397, C.E.P.R. Discussion Papers.
    24. Lo Turco, Alessia & Maggioni, Daniela, 2014. "The micro evolution of trade and turnover in Turkey under the global crisis," Economic Systems, Elsevier, vol. 38(3), pages 397-414.
    25. Veronika Zavacka, 2012. "The bullwhip effect and the Great Trade Collapse," Working Papers 148, European Bank for Reconstruction and Development, Office of the Chief Economist.
    26. Neugebauer, Katja & Spies, Julia, 2012. "Borrowing Locally, Operating Globally? Financing and Trading Patterns of Firms during the 2007/2008 Economic Crisis," VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62066, Verein für Socialpolitik / German Economic Association.
    27. Jacks, David S., 2014. "Defying gravity: The Imperial Economic Conference and the reorientation of Canadian trade," Explorations in Economic History, Elsevier, vol. 53(C), pages 19-39.
    28. Mr. Stijn Claessens & Mr. Hui Tong & Mr. Igor Esteban Zuccardi Huertas, 2011. "Did the Euro Crisis Affect Non-Financial Firm Stock Prices Through a Financial or Trade Channel?," IMF Working Papers 2011/227, International Monetary Fund.
    29. Yang Jiao & Yi Wen, 2012. "Capital, finance, and trade collapse," Working Papers 2012-003, Federal Reserve Bank of St. Louis.
    30. Davin Chor & Kalina Manova, 2010. "Off the Cliff and Back? Credit Conditions and International Trade during the Global Financial Crisis," Working Papers 08-2010, Singapore Management University, School of Economics.
    31. Eppinger, Peter & Smolka, Marcel, 2015. "Firm Exports, Foreign Ownership, and the Global Financial Crisis," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113039, Verein für Socialpolitik / German Economic Association.
    32. Jean-Charles Bricongne & Lionel Fontagné & Guillaume Gaulier & Daria Taglioni & Vincent Vicard, 2012. "Firms and the global crisis: French exports in the turmoil," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00639897, HAL.
    33. Silvio Contessi & Pierangelo De Pace, 2011. "The (non-)resiliency of foreign direct investment in the United States during the 2007-2009 financial crisis," Working Papers 2011-037, Federal Reserve Bank of St. Louis.
    34. Castellares, Renzo & Salas, Jorge, 2019. "Contractual imperfections and the impact of crises on trade: Evidence from industry-level data," Journal of International Economics, Elsevier, vol. 116(C), pages 33-49.
    35. Silvio Contessi & Francesca De Nicola, 2012. "What do we know about the relationship between access to finance and international trade?," Working Papers 2012-054, Federal Reserve Bank of St. Louis.
    36. George Alessandria, 2013. "The great trade collapse (and recovery)," Business Review, Federal Reserve Bank of Philadelphia, issue Q1, pages 1-10.
    37. Anna Watson, 2019. "Financial Frictions, the Great Trade Collapse and International Trade over the Business Cycle," Open Economies Review, Springer, vol. 30(1), pages 19-64, February.
    38. Alessandria, George & Khan, Shafaat Yar & Khederlarian, Armen & Mix, Carter & Ruhl, Kim J., 2023. "The aggregate effects of global and local supply chain disruptions: 2020–2022," Journal of International Economics, Elsevier, vol. 146(C).
    39. Niepmann, Friederike & Schmidt-Eisenlohr, Tim, 2017. "No guarantees, no trade: How banks affect export patterns," Journal of International Economics, Elsevier, vol. 108(C), pages 338-350.
    40. Guo, Zhichao & Feng, Yuanhua & Tan, Xiangyong, 2011. "Short- and long-term impact of remarkable economic events on the growth causes of China–Germany trade in agri-food products," Economic Modelling, Elsevier, vol. 28(6), pages 2359-2368.
    41. Didier, Tatiana & Hevia, Constantino & Schmukler, Sergio L., 2012. "How resilient and countercyclical were emerging economies during the global financial crisis?," Journal of International Money and Finance, Elsevier, vol. 31(8), pages 2052-2077.
    42. Alok Johri & Terry Yip, 2015. "Financial Shocks, Customer Capital and the Trade Collapse of 2008-2009," Department of Economics Working Papers 2015-13, McMaster University, revised Sep 2015.
    43. Qu, Zhan & Raff, Horst & Schmitt, Nicolas, 2015. "Inventory control and intermediation in global supply chains," Kiel Working Papers 1993, Kiel Institute for the World Economy.
    44. Mion, Giordano & Behrens, Kristian & Corcos, Gregory, 2010. "Trade Crisis? What Trade Crisis?," CEPR Discussion Papers 7956, C.E.P.R. Discussion Papers.
    45. Emilio Gutiérrez, 2013. "Air quality and infant mortality in Mexico: Evidence from variation in pollution levels caused by the usage of Small-Scale plants," Working Papers 1301, Centro de Investigacion Economica, ITAM.
    46. Mr. Tamon Asonuma & Mr. Marcos Chamon & Akira Sasahara, 2016. "Trade Costs of Sovereign Debt Restructurings: Does a Market-Friendly Approach Improve the Outcome?," IMF Working Papers 2016/222, International Monetary Fund.
    47. Éltető, Andrea, 2014. "A visegrádi országok kereskedelme Ázsiával - a globális termelés lenyomata [The trade of the Visegrád countries with Asia - a manifestation of global production]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 586-608.
    48. Gervais, Antoine, 2018. "Uncertainty, risk aversion and international trade," Journal of International Economics, Elsevier, vol. 115(C), pages 145-158.
    49. Paul Bergin & Ling Feng & Ching-Yi Lin, 2018. "Financial Frictions and Trade Dynamics," NBER Working Papers 24503, National Bureau of Economic Research, Inc.
    50. Zymek, Robert, 2015. "Factor proportions and the growth of world trade," Journal of International Economics, Elsevier, vol. 95(1), pages 42-53.
    51. George Alessandria & Horag Choi & Dan Lu, 2017. "Trade Integration and the Trade Balance in China," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 65(3), pages 633-674, August.
    52. Piero Esposito & Claudio Vicarelli, 2011. "Explaining the Performance of Italian Exports during the Crisis: (Medium) Quality Matters," Working Papers LuissLab 11954, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    53. Gianni La Cava, 2013. "Inventory Investment in Australia and the Global Financial Crisis," RBA Research Discussion Papers rdp2013-13, Reserve Bank of Australia.
    54. Richard Pomfret, 2012. "The Post-2007 Crises and Europe's Place in the Global Economy," CASE Network Studies and Analyses 439, CASE-Center for Social and Economic Research.
    55. Alok Johri & Terry Yip, 2017. "Financial Shocks,Supply-chain Relationships and the Great Trade Collapse," Department of Economics Working Papers 2017-11, McMaster University.
    56. Meredith A. Crowley & Xi Luo, 2011. "Understanding the great trade collapse of 2008–09 and the subsequent trade recovery," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 35(Q II), pages 44-68.
    57. George A. Alessandria & Shafaat Y. Khan & Armen Khederlarian, 2019. "Taking Stock of Trade Policy Uncertainty: Evidence from China’s Pre-WTO Accession," NBER Working Papers 25965, National Bureau of Economic Research, Inc.
    58. Matthieu Bussière & Jean Imbs & Robert Kollmann & Romain Rancière, 2013. "The Financial Crisis: Lessons for International Macroeconomics," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(3), pages 75-84, July.
    59. Ferrari, Alessandro, 2019. "Global Value Chains and the Business Cycle," CEPREMAP Working Papers (Docweb) 1908, CEPREMAP.
    60. Richard S. Grossman & Christopher M. Meissner, 2010. "International Aspects of the Great Depression and the Crisis of 2007: Similarities, Differences, and Lessons," Wesleyan Economics Working Papers 2010-002, Wesleyan University, Department of Economics, revised Aug 2010.
    61. Richard Pomfret, 2011. "Global Crises, Fiscal Imbalances and Global Instability: Interests and Reactions of Asian Economies," School of Economics and Public Policy Working Papers 2011-33, University of Adelaide, School of Economics and Public Policy.
    62. de Rougemont, P., 2011. "Inventories in the crisis," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 21, pages 42-72, Spring.
    63. Zhichao Guo & Yuanhua Feng & Thomas Gries, 2013. "Changes of China's agri-food exports to Germany caused by its accession to WTO and the 2008 financial crisis," Working Papers CIE 72, Paderborn University, CIE Center for International Economics.
    64. Gangnes, Byron S. & Ma, Alyson C. & Van Assche, Ari, 2014. "Global value chains and trade elasticities," Economics Letters, Elsevier, vol. 124(3), pages 482-486.
    65. Jan Hagemejer & Jakub Mućk, 2018. "Unraveling the economic performance of the CEEC countries: the role of exports and global value chains," Working Papers 2018-07, Faculty of Economic Sciences, University of Warsaw.
    66. David Kucera & Xiao Jiang, 2018. "China and the great trade collapse: employment effects of falling exports to the EU and US," International Economics and Economic Policy, Springer, vol. 15(3), pages 629-659, July.
    67. Chris Muris & Horst Raff & Nicolas Schmitt & Frank Stähler, 2023. "Inventory, Sourcing, and the Effects of Trade Costs: Theory and Empirical Evidence," CESifo Working Paper Series 10253, CESifo.
    68. Ran Jing, 2011. "The Collapse Speed of China's Exports in the 2008-2009 Financial Crisis," CESifo Working Paper Series 3584, CESifo.
    69. Horst Raff & Nicolas Schmitt & Frank Stähler, 2018. "How Importers May Hedge Demand Uncertainty," Discussion Papers dp18-03, Department of Economics, Simon Fraser University.
    70. Philip U. Sauré, 2015. "Time-intensive R&D and unbalanced trade," Working Papers 2015-11, Swiss National Bank.
    71. Marc Auboin & Floriana Borino, 2018. "The Falling Elasticity of Global Trade to Economic Activity: Testing the Demand Channel," CESifo Working Paper Series 7228, CESifo.
    72. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2011. "U.S. trade and inventory dynamics," Working Papers 11-6, Federal Reserve Bank of Philadelphia.
    73. Olivier J. Blanchard & Mitali Das & Hamid Faruqee, 2010. "The Initial Impact of the Crisis on Emerging Market Countries," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 41(1 (Spring), pages 263-323.
    74. Alessandro Borin & Virginia Di Nino & Michele Mancini & Massimo Sbracia, 2017. "The cyclicality of the income elasticity of trade," Temi di discussione (Economic working papers) 1126, Bank of Italy, Economic Research and International Relations Area.
    75. Dimitra Petropoulou & Kwok Tong Soo, 2011. "Product durability and trade volatility," Globalization Institute Working Papers 94, Federal Reserve Bank of Dallas.
    76. Yang Jiao & Yi Wen, 2019. "What Does Financial Crisis Tell Us About Exporter Behavior and Credit Reallocation?," Working Papers 2019-23, Federal Reserve Bank of St. Louis.
    77. Jonathan Eaton & Sam Kortum & Brent Neiman & John Romalis, 2010. "Trade and the global recession," Working Paper Research 196, National Bank of Belgium.
    78. Kim J. Ruhl, 2015. "How Well Is US Intrafirm Trade Measured?," American Economic Review, American Economic Association, vol. 105(5), pages 524-529, May.
    79. Andrey A. Gnidchenko, 2018. "Measuring product-level export quality: Evidence from Asian motor vehicles sector," FIW Working Paper series 185, FIW.
    80. David S. Jacks, 2011. "Defying Gravity: The 1932 Imperial Economic Conference and the Reorientation of Canadian Trade," NBER Working Papers 17242, National Bureau of Economic Research, Inc.
    81. Raphael Lafrogne-Joussier & Julien Martin & Isabelle Mejean, 2022. "Supply Shocks in Supply Chains: Evidence from the Early Lockdown in China," Post-Print hal-03880125, HAL.
    82. Kae-Yih Tzeng & Christina Tay, 2014. "Transmission of the U.S. Subprime Crisis and the European Sovereign Debt Crisis to Emerging Markets," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 4(3), pages 1-12.
    83. Alyson C. Ma & Ari Van Assche, 2012. "Is East Asia's Economic Fate Chained to the West?," CIRANO Working Papers 2012s-11, CIRANO.
    84. Mr. JaeBin Ahn, 2011. "A Theory of Domestic and International Trade Finance," IMF Working Papers 2011/262, International Monetary Fund.
    85. Matthieu Bussière & Giovanni Callegari & Fabio Ghironi & Giulia Sestieri & Norihiko Yamano, 2011. "Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-09," NBER Working Papers 17712, National Bureau of Economic Research, Inc.

  27. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2010. "The great trade collapse of 2008-2009: an inventory adjustment?," Working Papers 10-18, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Auboin, Marc & Borino, Floriana, 2017. "The falling elasticity of global trade to economic activity: Testing the demand channel," WTO Staff Working Papers ERSD-2017-09, World Trade Organization (WTO), Economic Research and Statistics Division.
    2. Chen, Natalie & Juvenal, Luciana, 2015. "Quality and the Great Trade Collapse," CAGE Online Working Paper Series 249, Competitive Advantage in the Global Economy (CAGE).
    3. Dennis Novy & Alan M. Taylor, 2014. "Trade and Uncertainty," CESifo Working Paper Series 4819, CESifo.
    4. Taylor, Alan M. & Benguria, Felipe, 2019. "After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade," CEPR Discussion Papers 13702, C.E.P.R. Discussion Papers.
    5. Nicolas Berman & Philippe Martin, 2012. "The Vulnerability of Sub-Saharan Africa to Financial Crises: the Case of Trade," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03461159, HAL.
    6. Alexander Monge-Naranjo, 2013. "Major U.S. trading partners before and after the great recession," Economic Synopses, Federal Reserve Bank of St. Louis.
    7. Pol Antràs & C. Fritz Foley, 2011. "Poultry in Motion: A Study of International Trade Finance Practices," NBER Working Papers 17091, National Bureau of Economic Research, Inc.
    8. Sauré, Philip, 2017. "Time-intensive R&D and unbalanced trade," European Economic Review, Elsevier, vol. 91(C), pages 229-244.
    9. Stijn Claessens & Hui Tong & Shang-Jin Wei, 2011. "From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels," NBER Working Papers 17360, National Bureau of Economic Research, Inc.
    10. Christian Henn & Brad McDonald, 2014. "Crisis Protectionism: The Observed Trade Impact," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 62(1), pages 77-118, April.
    11. Tim Schmidt-Eisenlohr, 2011. "Towards a Theory of Trade Finance," Economics Series Working Papers 583, University of Oxford, Department of Economics.
    12. Jorge F. Chávez & Antonio Cusato Novelli & Max Perez Leon, 2020. "Export Subsidies in Emerging Markets During the Great Trade Collapse," Economics Bulletin, AccessEcon, vol. 40(3), pages 1879-1892.
    13. Ender Demir & Giray Gozgor & Rangan Gupta & Huseyin Kaya, 2018. "Effects of Geopolitical Risks on Trade Flows: Evidence from the Gravity Model," Working Papers 201835, University of Pretoria, Department of Economics.
    14. Hummels, David & Lee, Kwan Yong, 2018. "The income elasticity of import demand: Micro evidence and an application," Journal of International Economics, Elsevier, vol. 113(C), pages 20-34.
    15. Kose, M. Ayhan & Sugawara, Naotaka & E. Terrones, Marco, 2020. "Global Recessions," CEPR Discussion Papers 14397, C.E.P.R. Discussion Papers.
    16. Lo Turco, Alessia & Maggioni, Daniela, 2014. "The micro evolution of trade and turnover in Turkey under the global crisis," Economic Systems, Elsevier, vol. 38(3), pages 397-414.
    17. Veronika Zavacka, 2012. "The bullwhip effect and the Great Trade Collapse," Working Papers 148, European Bank for Reconstruction and Development, Office of the Chief Economist.
    18. Jacks, David S., 2014. "Defying gravity: The Imperial Economic Conference and the reorientation of Canadian trade," Explorations in Economic History, Elsevier, vol. 53(C), pages 19-39.
    19. Gita Gopinath & Oleg Itskhoki & Brent Neiman, 2011. "Trade Prices and the Global Trade Collapse of 2008-2009," NBER Working Papers 17594, National Bureau of Economic Research, Inc.
    20. Mr. Stijn Claessens & Mr. Hui Tong & Mr. Igor Esteban Zuccardi Huertas, 2011. "Did the Euro Crisis Affect Non-Financial Firm Stock Prices Through a Financial or Trade Channel?," IMF Working Papers 2011/227, International Monetary Fund.
    21. Yang Jiao & Yi Wen, 2012. "Capital, finance, and trade collapse," Working Papers 2012-003, Federal Reserve Bank of St. Louis.
    22. Silvio Contessi & Francesca De Nicola, 2012. "What do we know about the relationship between access to finance and international trade?," Working Papers 2012-054, Federal Reserve Bank of St. Louis.
    23. Anna Watson, 2019. "Financial Frictions, the Great Trade Collapse and International Trade over the Business Cycle," Open Economies Review, Springer, vol. 30(1), pages 19-64, February.
    24. Alessandria, George & Khan, Shafaat Yar & Khederlarian, Armen & Mix, Carter & Ruhl, Kim J., 2023. "The aggregate effects of global and local supply chain disruptions: 2020–2022," Journal of International Economics, Elsevier, vol. 146(C).
    25. Guo, Zhichao & Feng, Yuanhua & Tan, Xiangyong, 2011. "Short- and long-term impact of remarkable economic events on the growth causes of China–Germany trade in agri-food products," Economic Modelling, Elsevier, vol. 28(6), pages 2359-2368.
    26. Didier, Tatiana & Hevia, Constantino & Schmukler, Sergio L., 2012. "How resilient and countercyclical were emerging economies during the global financial crisis?," Journal of International Money and Finance, Elsevier, vol. 31(8), pages 2052-2077.
    27. Chor, Davin & Manova, Kalina, 2012. "Off the cliff and back? Credit conditions and international trade during the global financial crisis," Journal of International Economics, Elsevier, vol. 87(1), pages 117-133.
    28. Alok Johri & Terry Yip, 2015. "Financial Shocks, Customer Capital and the Trade Collapse of 2008-2009," Department of Economics Working Papers 2015-13, McMaster University, revised Sep 2015.
    29. Qu, Zhan & Raff, Horst & Schmitt, Nicolas, 2015. "Inventory control and intermediation in global supply chains," Kiel Working Papers 1993, Kiel Institute for the World Economy.
    30. Mion, Giordano & Behrens, Kristian & Corcos, Gregory, 2010. "Trade Crisis? What Trade Crisis?," CEPR Discussion Papers 7956, C.E.P.R. Discussion Papers.
    31. Mr. Tamon Asonuma & Mr. Marcos Chamon & Akira Sasahara, 2016. "Trade Costs of Sovereign Debt Restructurings: Does a Market-Friendly Approach Improve the Outcome?," IMF Working Papers 2016/222, International Monetary Fund.
    32. Gervais, Antoine, 2018. "Uncertainty, risk aversion and international trade," Journal of International Economics, Elsevier, vol. 115(C), pages 145-158.
    33. Zymek, Robert, 2015. "Factor proportions and the growth of world trade," Journal of International Economics, Elsevier, vol. 95(1), pages 42-53.
    34. Byron Gangnes & Alyson C. Ma & Ari Van Assche, 2014. "Global Value Chains and Trade Elasticities," CIRANO Working Papers 2014s-31, CIRANO.
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    558. Bian, Bo, 2020. "Globally Consistent Creditor Protection, Reallocation, and Productivity," LawFin Working Paper Series 6, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).
    559. Vaz, Paulo Henrique & Zambalde, Guilherme, 2025. "Misallocation and access to subsidized credit: Can the Brazilian Development Bank target credit-constrained firms?," Economics Letters, Elsevier, vol. 256(C).
    560. Catherine, Sylvain, 2022. "Keeping options open: What motivates entrepreneurs?," Journal of Financial Economics, Elsevier, vol. 144(1), pages 1-21.
    561. Toni M. Whited & Jake Zhao, 2015. "Capital Structure Misallocation," Department of Economics Working Papers 15-05, Stony Brook University, Department of Economics.
    562. Faisal Sohail, 2018. "Employer Size and Spinout Dynamics," 2018 Meeting Papers 274, Society for Economic Dynamics.
    563. Takatoshi Sasaki & Tomoya Sakata & Yui Mukoyama & Koichi Yoshino, 2021. "China's Long-Term Growth Potential: Can Productivity Convergence Be Sustained?," Bank of Japan Working Paper Series 21-E-7, Bank of Japan.
    564. Hansen, G.D. & Ohanian, L.E., 2016. "Neoclassical Models in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2043-2130, Elsevier.
    565. Kaiji Chen & Alfonso Irarrazabal, 2013. "Misallocation and the recovery of manufacturing TFP after a financial crisis," Working Paper 2013/01, Norges Bank.
    566. Eric W. Bond & James Tybout & Hale Utar, 2015. "Credit Rationing, Risk Aversion, And Industrial Evolution In Developing Countries," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56(3), pages 695-722, August.
    567. Diego Restuccia, 2011. "Recent developments in economic growth," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 97(3Q), pages 329-357.
    568. Qiusha Peng, 2019. "Financial Frictions, Entry and Growth: A Study of China," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 34, pages 267-282, October.

  29. Oleksiy Kryvtsov & Virgiliu Midrigan, 2009. "Inventories, Markups, and Real Rigidities in Menu Cost Models," Staff Working Papers 09-6, Bank of Canada.

    Cited by:

    1. Marco Bonomo & Arnildo da Silva Correa & Marcelo Cunha Medeiros, 2013. "Estimating Strategic Complementarity in a State-Dependent Pricing Model," Working Papers Series 341, Central Bank of Brazil, Research Department.
    2. Smets, Frank & Maćkowiak, Bartosz, 2008. "On implications of micro price data for macro models," Working Paper Series 960, European Central Bank.
    3. Kryvtsov, Oleksiy & Midrigan, Virgiliu, 2010. "Inventories and real rigidities in New Keynesian business cycle models," Journal of the Japanese and International Economies, Elsevier, vol. 24(2), pages 259-281, June.
    4. Sedjro Aaron Alovokpinhou & Christopher Malikane & Tshepo Mokoka, 2022. "Inventory dynamics and endogenous persistence in a new Keynesian model," Applied Economics, Taylor & Francis Journals, vol. 54(17), pages 1957-1973, April.
    5. Valery Charnavoki, 2017. "Retail Sales of Durable Goods, Inventories and Imports after Large Devaluations," 2017 Meeting Papers 402, Society for Economic Dynamics.
    6. Richard Davies, 2021. "Prices and inflation in the UK - A new dataset," CEP Occasional Papers 55, Centre for Economic Performance, LSE.
    7. Julia Thomas & Aubhik Khan, 2016. "(S,s) insights into the role of inventories in business cycles and high frequency fluctuations," 2016 Meeting Papers 662, Society for Economic Dynamics.
    8. Yi Wen, 2011. "Input and Output Inventory Dynamics," American Economic Journal: Macroeconomics, American Economic Association, vol. 3(4), pages 181-212, October.
    9. Shibayama Katsuyuki & Chadha Jagjit S., 2014. "Inventories and the stockout constraint in general equilibrium," The B.E. Journal of Macroeconomics, De Gruyter, vol. 14(1), pages 27-74, January.
    10. Crouzet, Nicolas & Oh, Hyunseung, 2016. "What do inventories tell us about news-driven business cycles?," Journal of Monetary Economics, Elsevier, vol. 79(C), pages 49-66.
    11. Bec Frédérique & Salem Melika Ben, 2013. "Inventory investment and the business cycle: the usual suspect," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 17(3), pages 335-343, May.
    12. Reiter, Michael & Sveen, Tommy & Weinke, Lutz, 2013. "Lumpy investment and the monetary transmission mechanism," Journal of Monetary Economics, Elsevier, vol. 60(7), pages 821-834.
    13. Mark Bils & Peter J. Klenow & Benjamin A. Malin, 2012. "Reset Price Inflation and the Impact of Monetary Policy Shocks," American Economic Review, American Economic Association, vol. 102(6), pages 2798-2825, October.
    14. Tonogi, Akiyuki, 2013. "The Relation between Inventory Investment and Price Dynamics in a Distributive Firm," Research Center for Price Dynamics Working Paper Series 8, Research Center for Price Dynamics, Institute of Economic Research, Hitotsubashi University.
    15. Oleksiy Kryvtsov & Virgiliu Midrigan, 2011. "Inventories, Markups and Real Rigidities in Sticky Price Models of the Canadian Economy," Staff Working Papers 11-9, Bank of Canada.
    16. Cavallo, Alberto & Kryvtsov, Oleksiy, 2023. "What can stockouts tell us about inflation? Evidence from online micro data," Journal of International Economics, Elsevier, vol. 146(C).
    17. Renzo Alvarez & Amin Shoja & Syed Uddin & Hakan Yilmazkuday, 2018. "Daily Exchange Rate Pass-through into Micro Prices," Working Papers 1803, Florida International University, Department of Economics.
    18. Gottfries, Nils & Mickelsson, Glenn & Stadin, Karolina, 2018. "Deep Dynamics," Working Paper Series 2018:10, Uppsala University, Department of Economics.
    19. Camilo Morales-Jimenez, 2014. "Information Frictions, Nominal Shocks, and the Role of Inventories in Price-Setting Decisions," 2014 Meeting Papers 747, Society for Economic Dynamics.
    20. Mark Bils & Peter J. Klenow & Benjamin A. Malin, 2014. "Resurrecting the Role of the Product Market Wedge in Recessions," NBER Working Papers 20555, National Bureau of Economic Research, Inc.
    21. Zhiwei Xu & Yi Wen & pengfei Wang, 2012. "When Do Inventories Destabilize the Economy? ---A Tractable Approach to (S,s) Policies," 2012 Meeting Papers 288, Society for Economic Dynamics.
    22. Adam Copeland & George Hall & Louis J. Maccini, 2019. "Interest Rates and the Market for New Light Vehicles," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(5), pages 1137-1168, August.
    23. Giorgio Motta & Raffaele Rossi, 2018. "Optimal Fiscal Policy with Consumption Taxation," Centre for Growth and Business Cycle Research Discussion Paper Series 239, Economics, The University of Manchester.
    24. Sheremirov, Viacheslav, 2020. "Price dispersion and inflation: New facts and theoretical implications," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 59-70.
    25. Fernandez, Leon & Pagliacci, Carolina, 2016. "The markup and aggregate fluctuations in Venezuela. Testing distributional shocks," MPRA Paper 106538, University Library of Munich, Germany.
    26. Mr. Willy A Hoffmaister & Mr. Jens R Clausen, 2010. "Cyclical Behavior of Inventories and Growth Projections Recent Evidence From Europe and the United States," IMF Working Papers 2010/212, International Monetary Fund.
    27. Benhima, Kenza, 2019. "Booms and busts with dispersed information," Journal of Monetary Economics, Elsevier, vol. 107(C), pages 32-47.
    28. Nicolas Vincent & Oleksiy Kryvtsov, 2015. "On the Importance of Sales for Aggregate Price Flexibility," 2015 Meeting Papers 46, Society for Economic Dynamics.
    29. Beck, Günter W. & Lein, Sarah M., 2020. "Price elasticities and demand-side real rigidities in micro data and in macro models," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 200-212.
    30. Lubik, Thomas A. & Teo, Wing Leong, 2012. "Inventories, inflation dynamics and the New Keynesian Phillips curve," European Economic Review, Elsevier, vol. 56(3), pages 327-346.
    31. Mark Bils & Peter J. Klenow & Benjamin A. Malin, 2012. "Testing for Keynesian Labor Demand," NBER Chapters, in: NBER Macroeconomics Annual 2012, Volume 27, pages 311-349, National Bureau of Economic Research, Inc.
    32. Rebelo, Sérgio & Anderson, Eric & Wong, Arlene, 2020. "Markups Across Space and Time," CEPR Discussion Papers 15513, C.E.P.R. Discussion Papers.
    33. Carvalho, Carlos & Kryvtsov, Oleksiy, 2021. "Price selection," Journal of Monetary Economics, Elsevier, vol. 122(C), pages 56-75.
    34. Luo, Yulei & Nie, Jun & Wang, Xiaowen & Young, Eric R., 2025. "Production and inventory dynamics under ambiguity aversion," Journal of Monetary Economics, Elsevier, vol. 152(C).
    35. Wouter J. Den Haan & Tiancheng Sun, 2024. "The Role of Sell Frictions for Inventories and Business Cycles," Discussion Papers 2426, Centre for Macroeconomics (CFM).
    36. Nakamura, Alice O. & Nakamura, Emi & Nakamura, Leonard I., 2011. "Price dynamics, retail chains and inflation measurement," Journal of Econometrics, Elsevier, vol. 161(1), pages 47-55, March.
    37. Julia K. Thomas & Aubhik Khan, 2010. "Inventory investment and aggregate fluctuations with idiosyncratic shocks," 2010 Meeting Papers 782, Society for Economic Dynamics.
    38. Miles Parker, 2014. "Price-setting behaviour in New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2014/04, Reserve Bank of New Zealand.
    39. Victor Aguirregabiria & Francis Guiton, 2022. "Decentralized Decision-Making in Retail Chains: Evidence from Inventory Management," Working Papers tecipa-722, University of Toronto, Department of Economics.
    40. Prateek Goorha, 2020. "Bitcoinomics 101: principles of the Bitcoin market," Economics Bulletin, AccessEcon, vol. 40(1), pages 163-176.
    41. Peter J. Klenow & Benjamin A. Malin, 2010. "Microeconomic Evidence on Price-Setting," NBER Working Papers 15826, National Bureau of Economic Research, Inc.
    42. Nils Gottfries & Glenn Mickelsson & Karolina Stadin, 2021. "Deep Dynamics," CESifo Working Paper Series 8873, CESifo.
    43. Christoph Görtz & Christopher Gunn & Thomas Lubik, 2018. "Taking Stock of TFP News Shocks: The Inventory Comovement Puzzle," Carleton Economic Papers 18-05, Carleton University, Department of Economics, revised 14 Jul 2018.

  30. Oleksiy Kryvtsov & Virgiliu Midrigan, 2009. "Inventories and Real Rigidities in New Keynesian Business Cycle Models," Staff Working Papers 09-9, Bank of Canada.

    Cited by:

    1. Sedjro Aaron Alovokpinhou & Christopher Malikane & Tshepo Mokoka, 2022. "Inventory dynamics and endogenous persistence in a new Keynesian model," Applied Economics, Taylor & Francis Journals, vol. 54(17), pages 1957-1973, April.
    2. Bec Frédérique & Salem Melika Ben, 2013. "Inventory investment and the business cycle: the usual suspect," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 17(3), pages 335-343, May.
    3. Alberto Cavallo & Oleksiy Kryvtsov, 2021. "What Can Stockouts Tell Us About Inflation? Evidence from Online Micro Data," NBER Working Papers 29209, National Bureau of Economic Research, Inc.
    4. Oleksiy Kryvtsov & Virgiliu Midrigan, 2011. "Inventories, Markups and Real Rigidities in Sticky Price Models of the Canadian Economy," Staff Working Papers 11-9, Bank of Canada.
    5. John Leahy, 2011. "A Survey of New Keynesian Theories of Aggregate Supply and Their Relation to Industrial Organization," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(s1), pages 87-110, August.
    6. Hyunseung Oh & Nicolas Crouzet, 2013. "Can news shocks account for the business-cycle dynamics of inventories?," 2013 Meeting Papers 504, Society for Economic Dynamics.
    7. Teo, Wing Leong, 2011. "Inventories and optimal monetary policy in a small open economy," Journal of International Money and Finance, Elsevier, vol. 30(8), pages 1719-1748.
    8. Dai Tiantian & Liu Xiangbo & Sun Wei, 2020. "The effects of monetary policy on input inventories," The B.E. Journal of Macroeconomics, De Gruyter, vol. 20(1), pages 1-34, January.
    9. Thomas A. Lubik & Wing Leong Teo, 2010. "Inventories and Optimal Monetary Policy," CAMA Working Papers 2010-07, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    10. Oleksiy Kryvtsov & Virgiliu Midrigan, 2009. "Inventories, Markups, and Real Rigidities in Menu Cost Models," Staff Working Papers 09-6, Bank of Canada.
    11. Marcel Förster, 2013. "The Great Moderation: Inventories, Shocks or Monetary Policy?," MAGKS Papers on Economics 201348, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    12. Lubik, Thomas A. & Teo, Wing Leong, 2012. "Inventories, inflation dynamics and the New Keynesian Phillips curve," European Economic Review, Elsevier, vol. 56(3), pages 327-346.
    13. Marcel Förster, 2014. "An Empirical Analysis of Business Cycles in a New Keynesian Model with Inventories," MAGKS Papers on Economics 201413, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).

  31. Daniel Yi Xu & Virgiliu Midrigan, 2009. "Accounting for Plant-level Misallocation," 2009 Meeting Papers 223, Society for Economic Dynamics.

    Cited by:

    1. Devesh Raval, 2011. "Beyond Cobb-Douglas: Estimation of a CES Production Function with Factor Augmenting Technology," Working Papers 11-05, Center for Economic Studies, U.S. Census Bureau.
    2. Nicolas Roys, 2010. "Estimating Labor Market Rigidities with Heterogeneous Firms," 2010 Meeting Papers 127, Society for Economic Dynamics.
    3. Julieta Caunedo, 2017. "Efficiency with Equilibrium Marginal Product Dispersion and Firm Selection," 2017 Meeting Papers 1541, Society for Economic Dynamics.

  32. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2008. "Inventories, lumpy trade, and large devaluations," Working Paper Series 2008-24, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Leibovici, Fernando & Waugh, Michael E., 2019. "International trade and intertemporal substitution," Journal of International Economics, Elsevier, vol. 117(C), pages 158-174.
    2. Rudolfs Bems & Julian di Giovanni, 2016. "Income-Induced expenditure switching," Economics Working Papers 1534, Department of Economics and Business, Universitat Pompeu Fabra.
    3. Eaton, Jonathan & Eslava, Marcela & Jinkins, David & Krizan, C.J. & Tybout, James, 2025. "A search and learning model of export dynamics," Journal of International Economics, Elsevier, vol. 157(C).
    4. Lee, Kwan Yong & Naknoi, Kanda, 2024. "Exchange rates, invoicing currencies and the margins of exports," Journal of International Money and Finance, Elsevier, vol. 141(C).
    5. Yilmazkuday, Hakan, 2016. "Forecasting the Great Trade Collapse," International Economics, Elsevier, vol. 147(C), pages 145-154.
    6. Valery Charnavoki, 2017. "Retail Sales of Durable Goods, Inventories and Imports after Large Devaluations," 2017 Meeting Papers 402, Society for Economic Dynamics.
    7. Escaith, Hubert & Lindenberg, Nannette & Miroudot, Sébastien, 2010. "International Supply Chains and Trade Elasticity in Times of Global Crisis," MPRA Paper 20478, University Library of Munich, Germany.
    8. Mr. Daniel Leigh & Weicheng Lian & Mr. Marcos Poplawski Ribeiro & Rachel Szymanski & Viktor Tsyrennikov & Hong Yang, 2017. "Exchange Rates and Trade: A Disconnect?," IMF Working Papers 2017/058, International Monetary Fund.
    9. Kazuko Kano & Takashi Kano, 2021. "Welfare Costs of Exchange Rate Fluctuations: Evidence from the 1972 Okinawa Reversion," CIRJE F-Series CIRJE-F-1179, CIRJE, Faculty of Economics, University of Tokyo.
    10. Md Deluair Hossen, 2023. "Financing Costs, Per-Shipment Costs and Shipping Frequency: Firm-Level Evidence from Bangladesh," Papers 2303.04223, arXiv.org.
    11. Xiaotao Zhao & Xiaoping Chen, 2022. "Inventory Management with Trade Policy Uncertainty," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(5), pages 128-153, September.
    12. Ariel Burstein & Gita Gopinath, 2013. "International Prices and Exchange Rates," NBER Working Papers 18829, National Bureau of Economic Research, Inc.
    13. Emilio Fernandez-Corugedo & Michael McMahon & Stephen Millard & Lukasz Rachel, 2011. "Understanding the macroeconomic effects of working capital in the United Kingdom," Bank of England working papers 422, Bank of England.
    14. Jerónimo Carballo & Alejandro Graziano & Georg Schaur & Christian Volpe Martincus, 2021. "The Effects of Transit Systems on International Trade," CESifo Working Paper Series 9353, CESifo.
    15. Frank Pisch, 2020. "Managing global production: theory and evidence from just-in-time supply chains," CEP Discussion Papers dp1689, Centre for Economic Performance, LSE.
    16. Punnoose Jacob & Lenno Uuskula, 2016. "Deep habits and exchange rate pass-through," Bank of Estonia Working Papers wp2016-4, Bank of Estonia, revised 19 Jul 2016.
    17. Gábor Békés & Lionel Fontagné & Balázs Muraközy & Vincent Vicard, 2017. "Shipment frequency of exporters and demand uncertainty," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 153(4), pages 779-807, November.
    18. Joachim Wagner, 2016. "The Lumpiness of German Exports and Imports of Goods," Working Paper Series in Economics 359, University of Lüneburg, Institute of Economics.
    19. Natasha Agarwal & Chris Milner & Alejandro Riaño, 2013. "Credit Constraints and FDI Spillovers in China," CESifo Working Paper Series 4313, CESifo.
    20. Fadinger, Harald & Cuñat, Alejandro & Alfaro, Laura & Liu, Yanping, 2018. "The Real Exchange Rate, Innovation and Productivity: Heterogeneity, Asymmetries and Hysteresis," CEPR Discussion Papers 12943, C.E.P.R. Discussion Papers.
    21. Benjamin Bridgman, 2010. "International Supply Chains and the Volatility of Trade," BEA Working Papers 0059, Bureau of Economic Analysis.
    22. Sam Kortum & John Romalis & Brent Neiman & Jonathan Eaton, 2010. "Trade and the Global Recession," 2010 Meeting Papers 1340, Society for Economic Dynamics.
    23. Inga Heiland, 2017. "Five Essays on International Trade, Factor Flows and the Gains from Globalization," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 74.
    24. Virgiliu Midrigan & Joseph Kaboski & George Alessandria, 2010. "The Great Trade Collapse of 2008-09: An Inventory Adjustment?," 2010 Meeting Papers 107, Society for Economic Dynamics.
    25. Christopher J. Kurz & Mine Z. Senses, 2013. "Importing, exporting and firm-level employment volatility," Finance and Economics Discussion Series 2013-44, Board of Governors of the Federal Reserve System (U.S.).
    26. George Alessandria & Horag Choi, 2011. "Establishment heterogeneity, exporter dynamics, and the effects of trade liberalization," Working Papers 11-19, Federal Reserve Bank of Philadelphia.
    27. Greg Kaplan & Guido Menzio & Leena Rudanko & Nicholas Trachter, 2016. "Relative price dispersion: evidence and theory," Working Papers 16-6, Federal Reserve Bank of Philadelphia.
    28. Carballo, Jerónimo & Schaur, Georg & Graziano, Alejandro & Volpe Martincus, Christian, 2016. "Transit Trade," IDB Publications (Working Papers) 7688, Inter-American Development Bank.
    29. Maarten Bosker & Eltjo Buringh, 2018. "Ice(berg) Transport Costs," CESifo Working Paper Series 6881, CESifo.
    30. Julio L. Ortiz, 2022. "Spread Too Thin: The Impact of Lean Inventories," International Finance Discussion Papers 1342, Board of Governors of the Federal Reserve System (U.S.).
    31. Pinelopi Koujianou Goldberg & Rebecca Hellerstein, 2008. "A Framework for Identifying the Sources of Local-Currency Price Stability with an Empirical Application," Working Papers 1161, Princeton University, Department of Economics, Center for Economic Policy Studies..
    32. Giuseppe Berlingieri & Frank Pisch & Claudia Steinwender, 2018. "Organizing global supply chains: input-output linkages and vertical integration," CEP Discussion Papers dp1583, Centre for Economic Performance, LSE.
    33. Kropf, Andreas & Sauré, Philip, 2014. "Fixed costs per shipment," Journal of International Economics, Elsevier, vol. 92(1), pages 166-184.
    34. Giuseppe Berlingieri & Frank Pisch & Claudia Steinwender, 2018. "Organizing Global Supply Chains: Input Cost Shares and Vertical Integration," NBER Working Papers 25286, National Bureau of Economic Research, Inc.
    35. Gita Gopinath & Brent Neiman, 2011. "Trade adjustment and productivity in large crises," Working Papers 11-9, Federal Reserve Bank of Boston.
    36. Anatoli Colicev & Joris Hoste & Jozef Konings, 2019. "Exchange Rate Pass-through after a Large Depreciation," Working Papers 201914, University of Liverpool, Department of Economics.
    37. Ingo Geishecker & Philipp J.H. Schröder & Allan Sørensen, 2018. "One-off Export Events," Economics Working Papers 2018-05, Department of Economics and Business Economics, Aarhus University.
    38. Heiland, Inga, 2016. "Global Risk Sharing Through Trade in Goods and Assets: Theory and Evidence," VfS Annual Conference 2016 (Augsburg): Demographic Change 145821, Verein für Socialpolitik / German Economic Association.
    39. Dudley Cooke, 2019. "Consumer Search, Incomplete Exchange Rate Pass‐Through, and Optimal Interest Rate Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(2-3), pages 455-484, March.
    40. Sean X. Zhou & Chaolin Yang, 2016. "Continuous-Review ( R, nQ ) Policies for Inventory Systems with Dual Delivery Modes," Operations Research, INFORMS, vol. 64(6), pages 1302-1319, December.
    41. Konings, Jozef & Amiti, Mary & Itskhoki, Oleg, 2016. "International Shocks and Domestic Prices: How Large Are Strategic Complementarities?," CEPR Discussion Papers 11182, C.E.P.R. Discussion Papers.
    42. Gomtsyan, David & Tarasov, Alexander, 2020. "Exporting costs and multi-product shipments," ZEW Discussion Papers 20-061, ZEW - Leibniz Centre for European Economic Research.
    43. Bernardo Blum & Sebastian Claro & Kunal Dasgupta & Ignatius Horstmann, 2016. "Distribution Costs, Product Quality, and Cross-Country Income Differences," Working Papers tecipa-556, University of Toronto, Department of Economics.
    44. Hayakawa, Kazunobu & Laksanapanyakul, Nuttawut & Yoshimi, Taiyo, 2016. "Effect of import time on export patterns," IDE Discussion Papers 566, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    45. Sharat Ganapati & Woan Foong Wong, 2023. "How Far Goods Travel: Global Transport and Supply Chains from 1965-2020," CESifo Working Paper Series 10398, CESifo.
    46. Gita Gopinath & Oleg Itskhoki & Brent Neiman, 2011. "Trade Prices and the Global Trade Collapse of 2008-2009," NBER Working Papers 17594, National Bureau of Economic Research, Inc.
    47. Idossou Marius Adom & Immo Schott, 2024. "Input Delays, Firm Dynamics, and Misallocation in Sub-Saharan Africa," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 53, pages 147-172, July.
    48. Brandon Malloy, 2021. "Decomposing episodes of large growth in international trade," Review of International Economics, Wiley Blackwell, vol. 29(2), pages 228-267, May.
    49. Auer, Raphael & Burstein, Ariel & Lein, Sarah M., 2018. "Exchange Rates and Prices: Evidence from the 2015 Swiss Franc Appreciation," Working papers 2018/23, Faculty of Business and Economics - University of Basel.
    50. Lu, Dan & Mariscal, Asier & Mejía, Luis-Fernando, 2024. "How firms accumulate inputs: Evidence from import switching," Journal of International Economics, Elsevier, vol. 148(C).
    51. Vannoorenberghe, Gonzague & Wang, Zheng & Yu, Zhihong, 2016. "Volatility and diversification of exports: Firm-level theory and evidence," European Economic Review, Elsevier, vol. 89(C), pages 216-247.
    52. Zhiwei Xu & Yi Wen & pengfei Wang, 2012. "When Do Inventories Destabilize the Economy? ---A Tractable Approach to (S,s) Policies," 2012 Meeting Papers 288, Society for Economic Dynamics.
    53. Benjamin Bridgman, 2010. "Market Entry and Trade Weighted Import Costs," BEA Working Papers 0067, Bureau of Economic Analysis.
    54. Teo, Wing Leong, 2011. "Inventories and optimal monetary policy in a small open economy," Journal of International Money and Finance, Elsevier, vol. 30(8), pages 1719-1748.
    55. Minkyu Son, 2022. "The global propagation of the US–China trade war," Empirical Economics, Springer, vol. 63(6), pages 3121-3157, December.
    56. George Alessandria, 2013. "The great trade collapse (and recovery)," Business Review, Federal Reserve Bank of Philadelphia, issue Q1, pages 1-10.
    57. Dmitry Yumashev & Karel Hussen & Johan Gille & Gail Whiteman, 2017. "Towards a balanced view of Arctic shipping: estimating economic impacts of emissions from increased traffic on the Northern Sea Route," Climatic Change, Springer, vol. 143(1), pages 143-155, July.
    58. Pinelopi K. Goldberg & Rebecca Hellerstein, 2007. "A Structural Approach to Identifying the Sources of Local-Currency Price Stability," NBER Working Papers 13183, National Bureau of Economic Research, Inc.
    59. Claudio Michelacci & Luigi Paciello & Andrea Pozzi, 2019. "The Extensive Margin of Aggregate Consumption Demand," EIEF Working Papers Series 1906, Einaudi Institute for Economics and Finance (EIEF), revised Apr 2019.
    60. Myrto Kalouptsidi, 2011. "Time to Build and Shipping Prices," 2011 Meeting Papers 661, Society for Economic Dynamics.
    61. Alessandria, George & Khan, Shafaat Yar & Khederlarian, Armen & Mix, Carter & Ruhl, Kim J., 2023. "The aggregate effects of global and local supply chain disruptions: 2020–2022," Journal of International Economics, Elsevier, vol. 146(C).
    62. Chisik, Richard, 2012. "Trade disputes, quality choice, and economic integration," Journal of International Economics, Elsevier, vol. 88(1), pages 47-61.
    63. Ha, Jongrim & Marc Stocker, M. & Yilmazkuday, Hakan, 2020. "Inflation and exchange rate pass-through," Journal of International Money and Finance, Elsevier, vol. 105(C).
    64. Raphael Lafrogne-Joussier & Julien Martin & Isabelle Mejean, 2023. "Supply Shocks in Supply Chains: Evidence from the Early Lockdown in China," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(1), pages 170-215, March.
    65. Hornok, Cecília & Koren, Miklós, 2015. "Administrative barriers to trade," Journal of International Economics, Elsevier, vol. 96(S1), pages 110-122.
    66. Alok Johri & Terry Yip, 2015. "Financial Shocks, Customer Capital and the Trade Collapse of 2008-2009," Department of Economics Working Papers 2015-13, McMaster University, revised Sep 2015.
    67. Andrea Ariu, 2016. "Services versus goods trade: a firm-level comparison," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 152(1), pages 19-41, February.
    68. Cali,Massimiliano & Le Moglie,Marco & Presidente,Giorgio, 2021. "Gain without Pain ? Non-Tariff Measures, Plants’ Productivity and Markups," Policy Research Working Paper Series 9654, The World Bank.
    69. Cecília Hornok & Miklós Koren, 2011. "Lumpy Trade and the Welfare Effects of Administrative Barriers," CeFiG Working Papers 14, Center for Firms in the Global Economy, revised 22 Sep 2011.
    70. Felipe Schwartzman, 2010. "Time to produce and emerging market crises," Working Paper 10-15, Federal Reserve Bank of Richmond.
    71. Michael Bleaney & Mo Tian, 2014. "Exchange Rates and Trade Balance Adjustment: A Multi-Country Empirical Analysis," Open Economies Review, Springer, vol. 25(4), pages 655-675, September.
    72. Chakraborty, Indraneel & Hai, Rong & Holter, Hans A. & Stepanchuk, Serhiy, 2017. "The real effects of financial (dis)integration: A multi-country equilibrium analysis of Europe," Journal of Monetary Economics, Elsevier, vol. 85(C), pages 28-45.
    73. Natasha Agarwal & Chris Milner & Alejandro Riano, 2014. "Credit Constraints and Spillovers from Foreign Firms in China," Discussion Papers 2014/07, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    74. Héricourt, Jérôme & Nedoncelle, Clément, 2018. "Multi-destination firms and the impact of exchange-rate risk on trade," Journal of Comparative Economics, Elsevier, vol. 46(4), pages 1178-1193.
    75. Naknoi, Kanda, 2015. "Exchange rate volatility and fluctuations in the extensive margin of trade," Journal of Economic Dynamics and Control, Elsevier, vol. 52(C), pages 322-339.
    76. Volpe Martincus, Christian, 2016. "Out of the Border Labyrinth: An Assessment of Trade Facilitation Initiatives in Latin America and the Caribbean," IDB Publications (Books), Inter-American Development Bank, number 7994, November.
    77. Li, Wenchao, 2019. "Time barrier to export for OECD countries," Economics Letters, Elsevier, vol. 175(C), pages 106-112.
    78. Colicev, A. & Hoste, J. & Konings, J., 2024. "The Impact of a Large Depreciation on the Cost of Living of Rich and Poor Consumers," Cambridge Working Papers in Economics 2430, Faculty of Economics, University of Cambridge.
    79. Oleksiy Kryvtsov & Virgiliu Midrigan, 2009. "Inventories, Markups, and Real Rigidities in Menu Cost Models," Staff Working Papers 09-6, Bank of Canada.
    80. Andrea Ariu, 2016. "Services versus goods trade: a firm-level comparison," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 152(1), pages 19-41, February.
    81. Khan, Shafaat Yar & Khederlarian, Armen, 2021. "How does trade respond to anticipated tariff changes? Evidence from NAFTA," Journal of International Economics, Elsevier, vol. 133(C).
    82. Sly, Nicholas & Soderbery, Anson, 2014. "Strategic sourcing and wage bargaining," Journal of Development Economics, Elsevier, vol. 109(C), pages 172-187.
    83. Mattia Di Ubaldo, 2015. "Product Cost-Share: a Catalyst of the Trade Collapse," Working Paper Series 8015, Department of Economics, University of Sussex Business School.
    84. Liu, Qing & Li, Yuqing & Li, Shuaihang & Wu, Feifei, 2023. "Lose to gain: Heterogeneous impact of trade policy uncertainty on firms’ domestic sales," Economic Modelling, Elsevier, vol. 119(C).
    85. Delgado, Martha Elena & Herreño, Juan David & Hofstetter, Marc & Pedemonte, Mathieu, 2024. "The Causal Effects of Expected Depreciations," IDB Publications (Working Papers) 13761, Inter-American Development Bank.
    86. Jesse Mora, 2023. "Export failure and its consequences: evidence from Colombian exporters," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(3), pages 697-755, August.
    87. Eugenia Go, . "Trade implications of transport cost in the Philippines," Economics PhD Theses, Department of Economics, University of Sussex Business School, number 0320, December.
    88. Joachim Wagner, 2016. "Trade costs shocks and lumpiness of imports: Evidence from the Fukushima disaster," Working Paper Series in Economics 360, University of Lüneburg, Institute of Economics.
    89. Núñez, Héctor M. & Otero, Jesús & Trujillo-Barrera, Andrés, 2023. "Wholesale price rigidities and exchange rate pass-through: Evidence from daily data of agricultural products," International Economics, Elsevier, vol. 176(C).
    90. Alok Johri & Terry Yip, 2017. "Financial Shocks,Supply-chain Relationships and the Great Trade Collapse," Department of Economics Working Papers 2017-11, McMaster University.
    91. George Alessandria & Joseph P. Kaboski, 2007. "Pricing-to-market and the failure of absolute PPP," Working Papers 07-29, Federal Reserve Bank of Philadelphia.
    92. Mario J. Crucini & J. Scott Davis, 2013. "Distribution capital and the short- and long-run import demand elasticity," Globalization Institute Working Papers 137, Federal Reserve Bank of Dallas.
    93. Fracasso, Andrea & Secchi, Angelo & Tomasi, Chiara, 2022. "Export pricing and exchange rate expectations under uncertainty," Journal of Comparative Economics, Elsevier, vol. 50(1), pages 135-152.
    94. Cueyt SEVIM & Taylan Taner DOGAN, 2016. "Turkiye Ekonomisinde Ihracat ve Doviz Kuru Oynakligi Iliskisi," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 16(2), pages 303-318.
    95. Alfaro, Laura & Cunat, Alejandro & Liu, Yanping & Fadinger, Harald, 2018. "The real exchange rate, innovation and productivity : regional heterogeneity, asymmetries and hysteresis," Working Papers 18-05, University of Mannheim, Department of Economics.
    96. de Rougemont, P., 2011. "Inventories in the crisis," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 21, pages 42-72, Spring.
    97. Lux, Matthias, 2011. "Defying Gravity: The Substitutability of Transportation in International Trade," MPRA Paper 36395, University Library of Munich, Germany, revised Feb 2012.
    98. Guillaume Daudin & Jérôme Héricourt & Lise Patureau, 2022. "International Transport costs: New Findings from modeling additive cost," Working Papers hal-03538476, HAL.
    99. Hu, Chenghao, 2024. "Finance dependence and exchange rate pass-through: Empirical evidence from China," Emerging Markets Review, Elsevier, vol. 58(C).
    100. Benedikt Heid & Laura Márquez-Ramos & Harry Wardana, 2025. "Trade Restrictions as Effective Industrial Policy? Evidence from Indonesia's Import Licensing Scheme," CESifo Working Paper Series 12346, CESifo.
    101. Chris Muris & Horst Raff & Nicolas Schmitt & Frank Stähler, 2023. "Inventory, Sourcing, and the Effects of Trade Costs: Theory and Empirical Evidence," CESifo Working Paper Series 10253, CESifo.
    102. Ra'ul M'inguez & Asier Minondo, 2024. "The increasing share of low-value transactions in international trade," Papers 2407.15509, arXiv.org, revised Dec 2024.
    103. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2011. "U.S. trade and inventory dynamics," Working Papers 11-6, Federal Reserve Bank of Philadelphia.
    104. Alessandria, George & Kaboski, Joseph & Midrigan, Virgiliu, 2013. "Trade wedges, inventories, and international business cycles," Journal of Monetary Economics, Elsevier, vol. 60(1), pages 1-20.
    105. Devereux, Michael B. & Dong, Wei & Tomlin, Ben, 2025. "Trade flows and exchange rates: Importers, exporters and products," Journal of International Economics, Elsevier, vol. 154(C).
    106. Thepthida Sopraseuth & Eleni Iliopulos, 2023. "International business cycles," Thema Working Papers 2023-03, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS.
    107. Cecília Hornok & Miklós Koren, 2011. "Administrative Barriers and the Lumpiness of Trade," CEU Working Papers 2012_6, Department of Economics, Central European University, revised 01 Sep 2011.
    108. Traiberman, Sharon & Rotemberg, Martin, 2023. "Precautionary protectionism," Journal of International Economics, Elsevier, vol. 145(C).
    109. Alessandria, George & Khan, Shafaat Yar & Khederlarian, Armen, 2024. "Taking stock of trade policy uncertainty: Evidence from China’s pre-WTO accession," Journal of International Economics, Elsevier, vol. 150(C).
    110. Alberto Cavallo & Brent Neiman & Roberto Rigobon, 2012. "Currency Unions, Product Introductions, and the Real Exchange Rate," NBER Working Papers 18563, National Bureau of Economic Research, Inc.
    111. Logan T. Lewis, 2017. "How Important Are Trade Prices for Trade Flows?," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 65(3), pages 471-497, August.
    112. Hayakawa, Kazunobu & Keola, Souknilanh & Urata, Shujiro, 2022. "Using truck probe data to measure border clearance time: evidence from thailand," IDE Discussion Papers 846, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    113. Rudolfs Bems & Robert C. Johnson & Kei-Mu Yi, 2012. "The Great Trade Collapse," NBER Working Papers 18632, National Bureau of Economic Research, Inc.
    114. Ardelean, Adina & Lugovskyy, Volodymyr, 2023. "It Pays to be big: Price discrimination in maritime shipping," European Economic Review, Elsevier, vol. 153(C).
    115. Melitz, Marc J. & Burstein, Ariel, 2013. "Trade Liberalization and Firm Dynamics," Scholarly Articles 34557509, Harvard University Department of Economics.

  33. Patrick J. Kehoe & Virgiliu Midrigan, 2008. "Temporary price changes and the real effects of monetary policy," Working Papers 413, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Aguirregabiria, Victor & Nevo, Aviv, 2010. "Recent developments in empirical IO: dynamic demand and dynamic games," MPRA Paper 27814, University Library of Munich, Germany.
    2. John Grigsby & Erik Hurst, 2019. "Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data," 2019 Meeting Papers 153, Society for Economic Dynamics.
    3. Gaur, Meghana & Grigsby, John & Hazell, Jonathon & Ndiaye, Abdoulaye, 2023. "Bonus Question: Does Flexible Incentive Pay Dampen Unemployment Dynamics?," IZA Discussion Papers 16481, IZA Network @ LISER.
    4. Snir, Avichai & Levy, Daniel & Gotler, Alex & Chen, Haipeng (Allan), 2014. "Not All Price Endings Are Created Equal: Price Points and Asymmetric Price Rigidity," EconStor Preprints 104540, ZBW - Leibniz Information Centre for Economics.
    5. Edward S. Knotek, 2019. "The Roles of Price Points and Menu Costs in Price Rigidity," Working Papers 19-23, Federal Reserve Bank of Cleveland.
    6. Pete Klenow, 2009. "EconomicDynamics Interviews Pete Klenow on Price Rigidity," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 11(1), November.
    7. Ahrens, Steffen & Pirschel, Inske & Snower, Dennis J., 2017. "A Theory of Price Adjustment under Loss Aversion," Open Access Publications from Kiel Institute for the World Economy 261841, Kiel Institute for the World Economy.
    8. Kephart, Curtis & Munro, David, 2023. "Market concentration and the responsiveness of prices and mark-ups," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 104(C).
    9. Ricardo J. Caballero & Eduardo M.R.A. Engel, 2007. "Price Stickiness in Ss Models: New Interpretations of Old Results," Levine's Bibliography 321307000000000856, UCLA Department of Economics.
    10. Joseph S. Vavra, 2013. "Inflation Dynamics and Time-Varying Volatility: New Evidence and an Ss Interpretation," NBER Working Papers 19148, National Bureau of Economic Research, Inc.
    11. Snir, Avichai & Levy, Daniel, 2011. "Shrinking Goods and Sticky Prices: Theory and Evidence," MPRA Paper 29565, University Library of Munich, Germany.
    12. Emi Nakamura & Jón Steinsson, 2008. "Five Facts about Prices: A Reevaluation of Menu Cost Models," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(4), pages 1415-1464.
    13. Gee Hee Hong & Nicholas Li, 2013. "Market Structure and Cost Pass-Through in Retail," Staff Working Papers 13-5, Bank of Canada.
    14. Stefano Eusepi & Bart Hobijn & Andrea Tambalotti, 2009. "CONDI: a cost-of-nominal-distortions index," Working Paper Series 2009-03, Federal Reserve Bank of San Francisco.
    15. Giulietti, Monica & Otero, Jesús & Waterson, Michael, 2020. "Rigidities and adjustments of daily prices to costs: Evidence from supermarket data," Journal of Economic Dynamics and Control, Elsevier, vol. 116(C).
    16. Paul Heidhues & Botond Koszegi, 2010. "Regular prices and sales," ESMT Research Working Papers ESMT-10-008, ESMT European School of Management and Technology.
    17. Fox, Kevin J. & Syed, Iqbal A., 2016. "Price discounts and the measurement of inflation," Journal of Econometrics, Elsevier, vol. 191(2), pages 398-406.
    18. Nicoletta Berardi & Erwan Gautier & Hervé Le Bihan, 2013. "Les ajustements individuels de prix à la consommation en France : de nouveaux résultats sur la période 2003-2011," Économie et Statistique, Programme National Persée, vol. 460(1), pages 5-35.
    19. Kevin J, Fox. & Iqbal A. Syed, 2016. "Price Discounts and the Measurement of Inflation: Further Results," Discussion Papers 2016-05, School of Economics, The University of New South Wales.
    20. Franz Ruch & Neil Rankin & Stan du Plessis, 2016. "Decomposing inflation using micropricelevel data South Africas pricing dynamics," Working Papers 7353, South African Reserve Bank.
    21. Ding, Yucheng & Zhang, Tianle, 2018. "Price-directed Consumer Search," MPRA Paper 93552, University Library of Munich, Germany.
    22. Chahrour, Ryan A., 2011. "Sales and price spikes in retail scanner data," Economics Letters, Elsevier, vol. 110(2), pages 143-146, February.
    23. Bernardo Guimaraes & Kevin D. Sheedy, 2011. "Sales and Monetary Policy," American Economic Review, American Economic Association, vol. 101(2), pages 844-876, April.
    24. Oleksiy Kryvtsov & Nicolas Vincent, 2014. "On the Importance of Sales for Aggregate Price Flexibility," Staff Working Papers 14-45, Bank of Canada.
    25. Iqbal A. Syed, 2015. "Sales Spotter: An Algorithm to Identify Sale Prices in Point-of-Sale Data," Discussion Papers 2015-13, School of Economics, The University of New South Wales.
    26. Saygın Şahinöz & Bedriye Saraçoğlu, 2011. "How do firms adjust their prices in Turkey? Micro-level evidence," Empirical Economics, Springer, vol. 40(3), pages 601-621, May.
    27. Carlos Carvalho & Niels Arne Dam, 2009. "Estimating the cross-sectional distribution of price stickiness from aggregate data," Staff Reports 419, Federal Reserve Bank of New York.
    28. Peter J. Klenow & Benjamin A. Malin, 2010. "Microeconomic Evidence on Price-Setting," NBER Working Papers 15826, National Bureau of Economic Research, Inc.
    29. Emi Nakamura, 2008. "Pass-Through in Retail and Wholesale," NBER Working Papers 13965, National Bureau of Economic Research, Inc.
    30. Alberto Cavallo, 2018. "More Amazon Effects: Online Competition and Pricing Behaviors," NBER Working Papers 25138, National Bureau of Economic Research, Inc.
    31. Váry, Miklós, 2021. "The long-run real effects of monetary shocks: Lessons from a hybrid post-Keynesian-DSGE-agent-based menu cost model," Economic Modelling, Elsevier, vol. 105(C).

  34. Patrick J. Kehoe & Virgiliu Midrigan, 2007. "Sales and the real effects of monetary policy," Working Papers 652, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Karadi, Peter & Reiff, Adam, 2007. "Menu Costs and Inflation Asymmetries - Some Micro Data Evidence," MPRA Paper 7102, University Library of Munich, Germany.
    2. Smets, Frank & Maćkowiak, Bartosz, 2008. "On implications of micro price data for macro models," Working Paper Series 960, European Central Bank.
    3. Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area," Working papers 878, Banque de France.
    4. Carstensen, Kai & Schenkelberg, Heike, 2011. "Time- or State-Dependence? An Analysis of Inflation Dynamics using German Business Survey Data," Discussion Papers in Economics 12170, University of Munich, Department of Economics.
    5. Peter J. Klenow & Oleksiy Kryvtsov, 2007. "State-Dependent or Time-Dependent Pricing: Does It Matter for Recent U.S. Inflation?," Discussion Papers 07-007, Stanford Institute for Economic Policy Research.
    6. Colin Ellis, 2009. "Do supermarket prices change from week to week?," Bank of England working papers 378, Bank of England.
    7. Daniel Kaufmann, 2010. "The Timing of Price Changes and the Role of Heterogeneity," Working Papers 2010-02, Swiss National Bank.
    8. Tifaoui, Said & Cramon-Taubadel, Stephan von, 2015. "Temporary sales prices and findings of asymmetric vertical price transmission in scanner data," 89th Annual Conference, April 13-15, 2015, Warwick University, Coventry, UK 204295, Agricultural Economics Society.
    9. Abe, Naohito & Tonogi, Akiyuki, 2010. "Micro and macro price dynamics in daily data," Journal of Monetary Economics, Elsevier, vol. 57(6), pages 716-728, September.
    10. F. Alvarez & Hervé Le Bihan & F. Lippi, 2014. "Small and large price changes and the propagation of monetary shocks," Working papers 492, Banque de France.
    11. Patrick Lünnemann & Thomas Y. Mathä, 2010. "Consumer price behaviour: evidence from Luxembourg micro data," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(2-3), pages 177-192.
    12. Oleksiy Kryvtsov & Virgiliu Midrigan, 2009. "Inventories, Markups, and Real Rigidities in Menu Cost Models," Staff Working Papers 09-6, Bank of Canada.
    13. Filip Matejka, 2010. "Rationally Inattentive Seller: Sales and Discrete Pricing," 2010 Meeting Papers 420, Society for Economic Dynamics.
    14. Cavallo, Alberto & Rigobon, Roberto, 2011. "The Distribution of the Size of Price Changes," Working Papers 2011-011, Banco Central de Reserva del Perú.
    15. Holzer, Patrick Sebastian, 2020. "The effect of time-varying factors on promotional activity in the German milk market," Journal of Retailing and Consumer Services, Elsevier, vol. 55(C).
    16. Alvarez González, Luis Julián, 2008. "What Do Micro Price Data Tell Us on the Validity of the New Keynesian Phillips Curve?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy, vol. 2, pages 1-36.
    17. Chahrour, Ryan A., 2011. "Sales and price spikes in retail scanner data," Economics Letters, Elsevier, vol. 110(2), pages 143-146, February.
    18. Gautier, Erwan & Karadi, Peter & Conflitti, Cristina & Fabo, Brian & Fadejeva, Ludmila & Fuss, Catherine & Kosma, Theodora & Jouvanceau, Valentin & Martins, Fernando & Menz, Jan-Oliver & Messner, Tere, 2023. "Price adjustment in the euro area in the low-inflation period: evidence from consumer and producer micro price data," Occasional Paper Series 319, European Central Bank.
    19. Gicheva, Dora & Hastings, Justine & Villas-Boas, Sofia B, 2008. "Revisiting the Income Effect: Gasoline Prices and Grocery Purchases," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7087m1p6, Department of Agricultural & Resource Economics, UC Berkeley.
    20. Philip Bunn & Colin Ellis, 2012. "Examining The Behaviour Of Individual UK Consumer Prices," Economic Journal, Royal Economic Society, vol. 122(558), pages 35-55, February.
    21. BOUAKEZ, Hafedh & CARDIA, Emanuela & RUGE-MURCIA, Francisco J., 2009. "Sectoral Price Rigidity and Aggregate Dynamics," Cahiers de recherche 01-2009, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    22. Martin Eichenbaum & Nir Jaimovich & Sergio Rebelo, 2008. "Reference Prices and Nominal Rigidities," NBER Working Papers 13829, National Bureau of Economic Research, Inc.
    23. Caballero, Ricardo J. & Engel, Eduardo M.R.A., 2007. "Price stickiness in Ss models: New interpretations of old results," Journal of Monetary Economics, Elsevier, vol. 54(Supplemen), pages 100-121, September.

  35. Patrick J. Kehoe & Virgiliu Midrigan, 2007. "Sticky prices and sectoral real exchange rates," Working Papers 656, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Mayoral, Laura & Dolores Gadea, María, 2011. "Aggregate real exchange rate persistence through the lens of sectoral data," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 290-304.
    2. Lee, Inkoo & Park, Sangsoo, 2015. "The law of one price revisited: How do goods market frictions generate large and volatile price deviations?," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 71-80.
    3. Crucini, Mario J. & Shintani, Mototsugu & Tsuruga, Takayuki, 2010. "Accounting for persistence and volatility of good-level real exchange rates: The role of sticky information," Journal of International Economics, Elsevier, vol. 81(1), pages 48-60, May.
    4. Marios Zachariadis, 2012. "Global Versus Local Shocks in Micro Price Dynamics," 2012 Meeting Papers 66, Society for Economic Dynamics.
    5. Masao Ogaki & Hyeongwoo Kim, 2009. "Purchasing Power Parity and the Taylor Rule," Working Papers 09-03, Ohio State University, Department of Economics.
    6. Mario J. Crucini & Mototsugu Shintani & Takayuki Tsuruga, 2010. "Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level?," NBER Working Papers 16081, National Bureau of Economic Research, Inc.
    7. Gopinath, Gita & Itskhoki, Oleg, 2010. "Frequency of Price Adjustment and Pass-through," Scholarly Articles 30703806, Harvard University Department of Economics.
    8. Elberg, Andrés, 2016. "Sticky prices and deviations from the Law of One Price: Evidence from Mexican micro-price data," Journal of International Economics, Elsevier, vol. 98(C), pages 191-203.
    9. Mackowiak, Bartosz & Wiederholt, Mirko & Moench, Emanuel, 2009. "Sectoral Price Data and Models of Price Setting," CEPR Discussion Papers 7339, C.E.P.R. Discussion Papers.
    10. Burstein, Ariel & Gopinath, Gita, 2014. "International Prices and Exchange Rates," Handbook of International Economics, in: Gopinath, G. & Helpman, . & Rogoff, K. (ed.), Handbook of International Economics, edition 1, volume 4, chapter 0, pages 391-451, Elsevier.
    11. Virgiliu Midrigan, 2011. "Comment on "In Search of Real Rigidities"," NBER Chapters, in: NBER Macroeconomics Annual 2010, volume 25, pages 319-325, National Bureau of Economic Research, Inc.
    12. Mario J. Crucini & Mototsugu Shintani & Takayuki Tsuruga, 2009. "The Law of One Price Without the Border: The Role of Distance Versus Sticky Prices," NBER Working Papers 14835, National Bureau of Economic Research, Inc.
    13. Crucini, Mario J. & Shintani, Mototsugu & Tsuruga, Takayuki, 2015. "Noisy information, distance and law of one price dynamics across US cities," Journal of Monetary Economics, Elsevier, vol. 74(C), pages 52-66.
    14. Carlos Carvalho & Fernanda Nechio, 2008. "Aggregation and the PPP puzzle in a sticky-price model," Staff Reports 351, Federal Reserve Bank of New York.

  36. Virgiliu Midrigan, 2005. "Is Firm Pricing State or Time-Dependent? Evidence from US Manufacturing," Macroeconomics 0511005, University Library of Munich, Germany.

    Cited by:

    1. Guimarães, Bernardo de Vasconcellos & Mazini, André Chaves & Mendonça, Diogo de Prince, 2015. "Time-dependent or state-dependent pricing? Evidence from firms’ response to inflation shocks," Textos para discussão 383, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    2. Kevin X. D. Huang & Jonathan L. Willis, 2018. "Sectoral Interactions and Monetary Policy under Costly Price Adjustments," Annals of Economics and Finance, Society for AEF, vol. 19(2), pages 337-374, November.
    3. Feltrin Jr, Celio & Guimaraes, Bernardo, 2015. "Time-dependent or state-dependent pricing? Evidence from a large devaluation episode," LSE Research Online Documents on Economics 86321, London School of Economics and Political Science, LSE Library.
    4. Miguel Acosta-Henao & Laura Alfaro & Andrés Fernández, 2020. "Sticky Capital Controls," Working Papers Central Bank of Chile 877, Central Bank of Chile.
    5. Jacopo Magnani & Aspen Gorry & Ryan Oprea, 2016. "Time and State Dependence in an Ss Decision Experiment," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(1), pages 285-310, January.
    6. Øivind Anti Nilsen & Per Marius Pettersen & Joakim Bratlie, 2018. "Time-Dependency in Producers' Price Adjustments: Evidence from Micro Panel Data," CESifo Working Paper Series 7138, CESifo.
    7. Berger, David & Vavra, Joseph, 2018. "Dynamics of the U.S. price distribution," European Economic Review, Elsevier, vol. 103(C), pages 60-82.
    8. Choi, Chi-Young & Choi, Horag, 2016. "The role of two frictions in geographic price dispersion: When market friction meets nominal rigidity," Journal of International Money and Finance, Elsevier, vol. 63(C), pages 1-27.
    9. Demery, David, 2012. "State-dependent pricing and the non-neutrality of money," Journal of Macroeconomics, Elsevier, vol. 34(4), pages 933-944.
    10. Brent, Neiman, 2011. "A state-dependent model of intermediate goods pricing," Journal of International Economics, Elsevier, vol. 85(1), pages 1-13, September.
    11. Vivian Malta & Rene Garcia & Carlos Carvalho & Marco Bonomo, 2015. "Persistent Monetary Non-neutrality in an Estimated Model with Menu Costs and Partially Costly Information," 2015 Meeting Papers 1339, Society for Economic Dynamics.
    12. Bo E. Honoré & Daniel Kaufmann & Sarah Lein, 2012. "Asymmetries in Price‐Setting Behavior: New Microeconometric Evidence from Switzerland," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(s2), pages 211-236, December.
    13. Rene Garcia & Carlos Carvalho & Marco Bonomo, 2013. "Time- and State-Dependent Pricing: A Unified Framework," 2013 Meeting Papers 759, Society for Economic Dynamics.
    14. Chi-Young Choi, 2010. "Reconsidering the Relationship between Inflation and Relative Price Variability," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(5), pages 769-798, August.
    15. Sven Anders & Richard Volpe & Thomas Bittmann, 2023. "Price rigidity, wholesale price passthrough, and quality‐tiered private labels," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(6), pages 3002-3015, September.
    16. David Demery, 2010. "State-Dependent Pricing and the Non-Neutrality of Money," Bristol Economics Discussion Papers 10/615, School of Economics, University of Bristol, UK.
    17. Guimaraes, Bernardo & Feltrin Jr, Celio, 2016. "Time-Dependent or State-Dependent Pricing? Evidence From a Large Devaluation," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 36(2), November.
    18. Jonas Andersson & Øivind Anti Nilsen & Hans J. Skaug, 2026. "Mixed Frequency Data in a Heterogenous Sticky Price Model," CESifo Working Paper Series 12379, CESifo.
    19. Timo Henckel & Gordon Menzies & Peter Moffat & Daniel J. Zizzo, 2017. "Sticky Belief Adjustment: A Double Hurdle Model and Experimental Evidence," Working Paper Series 40, Economics Discipline Group, UTS Business School, University of Technology, Sydney.

  37. Virgiliu Midrigan, 2005. "International Price Dispersion in State-Dependent Pricing Models," International Finance 0511001, University Library of Munich, Germany.

    Cited by:

    1. Marina Glushenkova & Andros Kourtellos & Marios Zachariadis, 2016. "Barriers to price convergence," University of Cyprus Working Papers in Economics 02-2016, University of Cyprus Department of Economics.
    2. Kazuko Kano & Takashi Kano, 2021. "Welfare Costs of Exchange Rate Fluctuations: Evidence from the 1972 Okinawa Reversion," CIRJE F-Series CIRJE-F-1179, CIRJE, Faculty of Economics, University of Tokyo.
    3. Ariel Burstein & Gita Gopinath, 2013. "International Prices and Exchange Rates," NBER Working Papers 18829, National Bureau of Economic Research, Inc.
    4. Magda Kandil, 2010. "Demand shocks and the cyclical behavior of the real wage: Some international evidence," Journal of Applied Economics, Universidad del CEMA, vol. 13, pages 135-158, May.
    5. Mina Kim & Deokwoo Nam & Jian Wang & Jason J. Wu, 2013. "International trade price stickiness and exchange rate pass-through in micro data: a case study on U.S.–China trade," Globalization Institute Working Papers 135, Federal Reserve Bank of Dallas.
    6. Murase, Koichi, 2013. "Asymmetric effects of the exchange rate on domestic corporate goods prices," Japan and the World Economy, Elsevier, vol. 25, pages 80-89.
    7. Kano, Kazuko & Kano, Takashi & Takechi, Kazutaka, 2013. "Exaggerated death of distance: Revisiting distance effects on regional price dispersions," Journal of International Economics, Elsevier, vol. 90(2), pages 403-413.
    8. Gopinath, Gita & Itskhoki, Oleg, 2010. "Frequency of Price Adjustment and Pass-through," Scholarly Articles 30703806, Harvard University Department of Economics.
    9. Mina Kim & Deokwoo Nam & Jian Wang & Jason Wu, 2013. "International Trade Price Stickiness and Exchange Rate and Pass-Through in Micro Data: A Case Study on US-China Trade," Working Papers 202013, Hong Kong Institute for Monetary Research.
    10. Kevin XD Huang & Nam T Vu, 2019. "Rare but Long-lasting Liquidity Traps and Fiscal Stimulus," Vanderbilt University Department of Economics Working Papers 19-00014, Vanderbilt University Department of Economics.
    11. Landry, Anthony, 2009. "Expectations and exchange rate dynamics: A state-dependent pricing approach," Journal of International Economics, Elsevier, vol. 78(1), pages 60-71, June.

  38. Virgiliu Midrigan, 2005. "Menu Costs, Multi-Product Firms and Aggregate Fluctuations," Macroeconomics 0511004, University Library of Munich, Germany.

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    148. Fatih Guvenen, 2015. "The Research Agenda: Fatih Guvenen on Findings from Big Data on Income Inequality and Income Uncertainty," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 16(1), April.
    149. Bo E. Honoré & Daniel Kaufmann & Sarah Lein, 2012. "Asymmetries in Price‐Setting Behavior: New Microeconometric Evidence from Switzerland," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(s2), pages 211-236, December.
    150. Hahn, Volker & Marenčák, Michal, 2020. "Price points and price dynamics," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 127-144.
    151. Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Erwan Gautier & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area (Erwan Gautier, Cristina Conflitti, Riemer P. Faber, Brian Fabo, Ludmila Fadejeva, Valentin Jouvanceau, Jan-Oliver Menz, Teresa Messner, Pavlos Petroulas, Pau Roldan-Blanco, Fabio Rumler, Sergio S," Working Papers 240, Oesterreichische Nationalbank (Austrian Central Bank).
    152. Quineche, Ricardo & Zapata, Juan, 2025. "Inflationary and Deflationary Pressures: A Directional Decomposition of U.S. Inflation Dynamics," EconStor Preprints 322269, ZBW - Leibniz Information Centre for Economics.
    153. Alisdair McKay & Johannes F. Wieland, 2021. "Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy," Staff Report 622, Federal Reserve Bank of Minneapolis.
    154. Isaac Baley & Javier Turen, 2024. "Lumpy forecasts," Economics Working Papers 1898, Department of Economics and Business, Universitat Pompeu Fabra.
    155. Nicoletta Berardi & Federico Ravenna & Mario Samano, 2024. "Everyday Regular Prices in a Multi-Product Retailer," Carlo Alberto Notebooks 733 JEL Classification: E, Collegio Carlo Alberto.
    156. Costain, James & Nakov, Anton, 2015. "Precautionary price stickiness," Journal of Economic Dynamics and Control, Elsevier, vol. 58(C), pages 218-234.
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    204. Marianne Baxter & Anthony Landry, . "IKEA: product, pricing, and pass-through," Proceedings, Federal Reserve Bank of San Francisco.
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    207. David Argente & Munseob Lee & Sara Moreira, 2018. "How do Firms Grow? The Life Cycle of Products Matters," 2018 Meeting Papers 1174, Society for Economic Dynamics.
    208. Damjanovic, Vladislav & Nolan, Charles, 2012. "S,s pricing in a dynamic equilibrium model with heterogeneous sectors," Journal of Economic Dynamics and Control, Elsevier, vol. 36(4), pages 550-567.
    209. Acharya, Sushant, 2010. "Costly Information, Planning Complementarity and the New Keynesian Phillips Curve," MPRA Paper 22514, University Library of Munich, Germany.
    210. Matthew Klepacz, 2018. "Price Setting and Volatility: Evidence from Oil Price Volatility Shocks," 2018 Meeting Papers 145, Society for Economic Dynamics.
    211. Daniel Garcia & Jun Honda & Maarten Janssen, 2015. "The Double Diamond Paradox," Vienna Economics Papers vie1504, University of Vienna, Department of Economics.
    212. Fatih Guvenen & Fatih Karahan & Serdar Ozkan & Jae Song, 2015. "What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Dynamics?," Staff Reports 710, Federal Reserve Bank of New York.
    213. Kim, Seongeun, 2019. "Quality, price stickiness, and monetary policy," Journal of Macroeconomics, Elsevier, vol. 61(C), pages 1-1.
    214. Paulie, Charlotte, 2019. "Does Inflation Targeting Reduce the Dispersion of Price Setters’ Inflation Expectations?," Working Paper Series 2018:16, Uppsala University, Department of Economics.
    215. Hiroshi Yoshikawa & Hideaki Aoyama & Yoshi Fujiwara & Hiroshi Iyetomi, 2015. "Deflation/Inflation Dynamics: Analysis based on Micro Prices ," CIRJE F-Series CIRJE-F-959, CIRJE, Faculty of Economics, University of Tokyo.
    216. Stella, Andrea, 2020. "Economies of scope in price setting: A moment inequalities estimation," Journal of Monetary Economics, Elsevier, vol. 110(C), pages 50-61.
    217. Sungki Hong, 2017. "Markup Cyclicality: A Tale of Two Models," Working Papers 2017-34, Federal Reserve Bank of St. Louis.
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    220. Alfonso Rosolia, 2021. "Does information about current inflation affect expectations and decisions? Another look at Italian firms," Temi di discussione (Economic working papers) 1353, Bank of Italy, Economic Research and International Relations Area.
    221. Gee Hee Hong & Ernesto Pasten & Matthew Klepacz & Raphael Schoenle, 2019. "From Micro to Macro: A New Methodology to Discriminate Among Models," 2019 Meeting Papers 906, Society for Economic Dynamics.
    222. Ueda, Kozo, 2023. "Duopolistic competition and monetary policy," Journal of Monetary Economics, Elsevier, vol. 135(C), pages 70-85.
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Articles

  1. Patrick Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020. "On the Importance of Household versus Firm Credit Frictions in the Great Recession," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 34-67, August.

    Cited by:

    1. Christian Moser & Farzad Saidi & Benjamin Wirth & Stefanie Wolter, 2021. "Credit Supply, Firms, and Earnings Inequality," ECONtribute Discussion Papers Series 086, University of Bonn and University of Cologne, Germany.
    2. Yvan Becard & David Gauthier, 2021. "Banks, shadow banks, and business cycles," Bank of England working papers 907, Bank of England.
    3. Thomas Cooley & Vincenzo Quadrini, 2020. "The twenty-fifth anniversary of "Frontiers of business cycle research"," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 1-7, August.
    4. Becard, Yvan & Gauthier, David, 2023. "Banks, nonbanks, and business cycles," European Economic Review, Elsevier, vol. 154(C).
    5. Deimantė Teresienė & Greta Keliuotytė-Staniulėnienė & Rasa Kanapickienė, 2021. "Sustainable Economic Growth Support through Credit Transmission Channel and Financial Stability: In the Context of the COVID-19 Pandemic," Sustainability, MDPI, vol. 13(5), pages 1-34, March.

  2. Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2019. "Debt Constraints and Employment," Journal of Political Economy, University of Chicago Press, vol. 127(4), pages 1926-1991.
    See citations under working paper version above.
  3. Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2018. "Evolution of Modern Business Cycle Models: Accounting for the Great Recession," Journal of Economic Perspectives, American Economic Association, vol. 32(3), pages 141-166, Summer.
    See citations under working paper version above.
  4. Patrick Kehoe & Virgiliu Midrigan & Elena Pastorino, 2016. "Debt Constraints and the Labor Wedge," American Economic Review, American Economic Association, vol. 106(5), pages 548-553, May.

    Cited by:

    1. Callum Jones, 2018. "Household Leverage and the Recession," 2018 Meeting Papers 933, Society for Economic Dynamics.
    2. Antonio Antunes & Valerio Ercolani, 2020. "Public debt expansions and the dynamics of the household borrowing constraint," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 1-32, July.
    3. Leung, Charles Ka Yui, 2022. "Housing and Macroeconomics," MPRA Paper 115500, University Library of Munich, Germany.
    4. Philippon, Thomas & Midrigan, Virgiliu, 2016. "Household Leverage and the Recession," CEPR Discussion Papers 11407, C.E.P.R. Discussion Papers.

  5. Alessandria, George & Choi, Horag & Kaboski, Joseph P. & Midrigan, Virgiliu, 2015. "Microeconomic uncertainty, international trade, and aggregate fluctuations," Journal of Monetary Economics, Elsevier, vol. 69(C), pages 20-38.
    See citations under working paper version above.
  6. Chris Edmond & Virgiliu Midrigan & Daniel Yi Xu, 2015. "Competition, Markups, and the Gains from International Trade," American Economic Review, American Economic Association, vol. 105(10), pages 3183-3221, October.
    See citations under working paper version above.
  7. Kehoe, Patrick & Midrigan, Virgiliu, 2015. "Prices are sticky after all," Journal of Monetary Economics, Elsevier, vol. 75(C), pages 35-53.
    See citations under working paper version above.
  8. Joseph P. Kaboski & Molly Lipscomb & Virgiliu Midrigan, 2014. "The Aggregate Impact of Household Saving and Borrowing Constraints: Designing a Field Experiment in Uganda," American Economic Review, American Economic Association, vol. 104(5), pages 171-176, May.

    Cited by:

    1. Fidrmuc, Jarko & Siddiqui, Martin, 2015. "Institutions and Creative Destruction in CEECs: Determinants of Inefficient Use of Assets," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113201, Verein für Socialpolitik / German Economic Association.
    2. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macro-Development Perspective," NBER Working Papers 21107, National Bureau of Economic Research, Inc.
    3. Santaeulàlia-Llopis, Raül ; Zheng, Yu, 2016. "The Price of Growth: Consumption Insurance in China 1989-2009," Economics Working Papers ECO2016/13, European University Institute.
    4. Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2017. "Taking Stock of the Evidence on Microfinancial Interventions," NBER Chapters, in: The Economics of Poverty Traps, pages 189-221, National Bureau of Economic Research, Inc.
    5. Ojah, Kalu & Kodongo, Odongo, 2024. "Effective financial inclusion and the need to put the horse before the cart: Saving!," International Review of Financial Analysis, Elsevier, vol. 96(PB).

  9. Virgiliu Midrigan & Daniel Yi Xu, 2014. "Finance and Misallocation: Evidence from Plant-Level Data," American Economic Review, American Economic Association, vol. 104(2), pages 422-458, February.
    See citations under working paper version above.
  10. Oleksiy Kryvtsov & Virgiliu Midrigan, 2013. "Inventories, Markups, and Real Rigidities in Menu Cost Models," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 80(1), pages 249-276.
    See citations under working paper version above.
  11. Alessandria, George & Kaboski, Joseph & Midrigan, Virgiliu, 2013. "Trade wedges, inventories, and international business cycles," Journal of Monetary Economics, Elsevier, vol. 60(1), pages 1-20.
    See citations under working paper version above.
  12. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2011. "US Trade and Inventory Dynamics," American Economic Review, American Economic Association, vol. 101(3), pages 303-307, May.
    See citations under working paper version above.
  13. Virgiliu Midrigan, 2011. "Menu Costs, Multiproduct Firms, and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 79(4), pages 1139-1180, July.
    See citations under working paper version above.
  14. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2010. "Inventories, Lumpy Trade, and Large Devaluations," American Economic Review, American Economic Association, vol. 100(5), pages 2304-2339, December.
    See citations under working paper version above.
  15. Virgiliu Midrigan, 2010. "Is Firm Pricing State or Time Dependent? Evidence from U.S. Manufacturing," The Review of Economics and Statistics, MIT Press, vol. 92(3), pages 643-656, August.
    See citations under working paper version above.
  16. George Alessandria & Joseph P Kaboski & Virgiliu Midrigan, 2010. "The Great Trade Collapse of 2008–09: An Inventory Adjustment?," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 58(2), pages 254-294, December.

    Cited by:

    1. Md Deluair Hossen, 2023. "Financing Costs, Per-Shipment Costs and Shipping Frequency: Firm-Level Evidence from Bangladesh," Papers 2303.04223, arXiv.org.
    2. Nicolas Berman & José de Sousa & Philippe Martin & Thierry Mayer, 2012. "Time to Ship during Financial Crises," Sciences Po Economics Publications (main) hal-03584483, HAL.
    3. Jacks, David S., 2014. "Defying gravity: The Imperial Economic Conference and the reorientation of Canadian trade," Explorations in Economic History, Elsevier, vol. 53(C), pages 19-39.
    4. Haichao Fan & Guangyu Nie & Zhiwei Xu, 2023. "Market Uncertainty and International Trade," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 450-478, December.
    5. Qu, Zhan & Raff, Horst & Schmitt, Nicolas, 2015. "Inventory control and intermediation in global supply chains," Kiel Working Papers 1993, Kiel Institute for the World Economy.
    6. Antrà s, Pol & Foley, C. Fritz, 2011. "Poultry in Motion: A Study of International Trade Finance Practices," CEPR Discussion Papers 8422, C.E.P.R. Discussion Papers.
    7. Povilas Lastauskas & Mariarosaria Comunale & Justas Dainauskas, 2021. "What Explains Excess Trade Persistence? A Theory of Habits in the Supply Chains," Bank of Lithuania Working Paper Series 85, Bank of Lithuania.
    8. Raphael Lafrogne-Joussier & Julien Martin & Isabelle Mejean, 2022. "Supply Shocks in Supply Chains: Evidence from the Early Lockdown in China," Post-Print hal-03880125, HAL.

  17. Kryvtsov, Oleksiy & Midrigan, Virgiliu, 2010. "Inventories and real rigidities in New Keynesian business cycle models," Journal of the Japanese and International Economies, Elsevier, vol. 24(2), pages 259-281, June.
    See citations under working paper version above.
  18. Virgiliu Midrigan, 2008. "On implications of micro price data for macro models - comments," Conference Series ; [Proceedings], Federal Reserve Bank of Boston.

    Cited by:

    1. Emmanuel Dhyne & Jerzy Konieczny & Fabio Rumler & Patrick Sevestre, 2009. "Price rigidity in the euro area - An assessment," European Economy - Economic Papers 2008 - 2015 380, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    2. Marcelo Sánchez, 2011. "Oil shocks and endogenous markups: results from an estimated euro area DSGE model," International Economics and Economic Policy, Springer, vol. 8(3), pages 247-273, September.
    3. Ysusi Carla, 2010. "Consumer Price Behavior in Mexico Under Inflation Targeting: A Microdata Approach," Working Papers 2010-09, Banco de México.

  19. Midrigan, Virgiliu, 2007. "International price dispersion in state-dependent pricing models," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2231-2250, November.
    See citations under working paper version above.

Chapters

  1. Oleksiy Kryvtsov & Virgiliu Midrigan, 2010. "Inventories and Real Rigidities in New Keynesian Business Cycle Models," NBER Chapters, in: Sticky Prices and Inflation Dynamics (NBER-TCER-CEPR), pages 259-281, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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