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Structural features of distributive trades and their impact on prices in the euro area

Author

Listed:
  • Kivistö, Jarkko
  • Bardet-Fremann, Pierre-Michel
  • Panagiotou, Stelios
  • Vladova, Zornitsa
  • Tsalinski, Tsvetan
  • Page, Adrian
  • Komzakova, Magdalena
  • Kaarup, Ri
  • Ervens, Sabine
  • Berardi, Nicoletta
  • Ciapanna, Emanuela
  • Karma, Branislav
  • Gabrijelcic, Mateja
  • Cardoso, Fatima
  • Fritzer, Friedrich
  • Kieft, Jasper
  • Zefara, Sandra
  • Kapatais, Demetris
  • Rondinelli, Concetta
  • de los Llanos Matea, María
  • Hartmann, Christin
  • Sullivan, Claudia
  • Stahl, Harald
  • Álvarez, Luis J.
  • Landau, Bettina
  • Mohr, Matthias
  • Vermeulen, Philip
  • Sevestre, Patrick
  • Lünnemann, Patrick
  • Cornille, David
  • Meyler, Aidan
  • Pace, Christopher
  • Jarvis, Valerie
  • Walch, Erik
  • Balfoussia, Hiona
  • Gattini, Luca
  • Linehan, Suzanne
  • Sondermann, David
  • Izquierdo, Mario
  • Anderton, Robert

Abstract

The distributive trades sector, which is primarily accounted for by wholesale and retail trade, is not only economically important in its own right, but also relevant to monetary policy. Ultimately, it is retailers who set the actual prices of most consumer goods. They are the main interface between producers of consumer goods and consumers, with around half of private consumption accounted for by retail trade. The JEL Classification: E58, F41

Suggested Citation

  • Kivistö, Jarkko & Bardet-Fremann, Pierre-Michel & Panagiotou, Stelios & Vladova, Zornitsa & Tsalinski, Tsvetan & Page, Adrian & Komzakova, Magdalena & Kaarup, Ri & Ervens, Sabine & Berardi, Nicoletta , 2011. "Structural features of distributive trades and their impact on prices in the euro area," Occasional Paper Series 128, European Central Bank.
    • Handle: RePEc:ecb:ecbops:2011128
    Note: 1725820
    as

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    File URL: https://www.ecb.europa.eu//pub/pdf/scpops/ecbocp128.pdf
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    References listed on IDEAS

    as
    1. Zvi Griliches, 1992. "Output Measurement in the Service Sectors," NBER Books, National Bureau of Economic Research, Inc, number gril92-1, October.
    2. Steve Worthington, 2008. "Retailers' entry into the provision of financial services: the case for and against," International Journal of Financial Services Management, Inderscience Enterprises Ltd, vol. 3(3/4), pages 243-254.
    3. Leibtag, Ephraim S. & Barker, Catherine & Dutko, Paula, 2010. "How Much Lower Are Prices at Discount Stores? An Examination of Retail Food Prices," Economic Research Report 96767, United States Department of Agriculture, Economic Research Service.
    4. Xiaolin Xing, 2010. "Can price dispersion be persistent in the Internet markets?," Applied Economics, Taylor & Francis Journals, vol. 42(15), pages 1927-1940.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    competition; distributive trades; monetary policy; prices; retail trades;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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