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Does Competition Enhancement Have Permanent Inflation Effects?

This paper presents empirical evidence that a higher degree of product market competition leads to a permanently lower inflation rate. Among a broad set of possible candidate variables, the indicator for product market competition used in this paper (the markup) is superior in explaining inflation d...

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Published in:Kyklos Vol. 56; no. 1; pp. 69 - 95
Main Author: Cavelaars, Paul
Format: Article
Published: Wiley-Blackwell 2003
Subjects:
Monopolistic competition
Mathematical models of economic competition
Mathematical models of inflation
Mathematical models
Price markup
Online Access:View this record in EBSCOhost