L16 - Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices

• The Endogenous Relative Price of Investment

  Staff Working Paper 2015-30 Joel Wagner

  This paper takes a full-information model-based approach to evaluate the link between investment-specific technology and the inverse of the relative price of investment. The two-sector model presented includes monopolistic competition where firms can vary the markup charged on their product depending on the number of firms competing.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Business fluctuations and cycles JEL Code(s): E, E3, E32, L, L1, L11, L16

• Market Structure and Cost Pass-Through in Retail

  Staff Working Paper 2013-5 Gee Hee Hong, Nicholas Li

  We examine the extent to which vertical and horizontal market structure can together explain incomplete retail pass-through.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Inflation and prices, Transmission of monetary policy JEL Code(s): E, E3, E30, E31, L, L1, L11, L16

• The Effect of Exchange Rate Movements on Heterogeneous Plants: A Quantile Regression Analysis

  Staff Working Paper 2010-25 Ben Tomlin, Loretta Fung

  In this paper, we examine how the effect of movements in the real exchange rate on manufacturing plants depends on the plant's placement within the productivity distribution. Appreciations of the local currency expose domestic plants to more competition from abroad as export opportunities shrink and import competition intensifies.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Exchange rates, Market structure and pricing, Productivity JEL Code(s): D, D2, D21, F, F1, L, L1, L16, L6, L60

• A Model of Costly Capital Reallocation and Aggregate Productivity

  Staff Working Paper 2008-38 Shutao Cao

  The author studies the effects of capital reallocation (the flow of productive capital across firms and establishments mainly through changes in ownership) on aggregate labour productivity. Capital reallocation is an important activity in the United States: on average, its total value is 3–4 per cent of U.S. GDP.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, Productivity JEL Code(s): E, E2, E22, L, L1, L16

• Multinationals and Exchange Rate Pass-Through

  Staff Working Paper 2006-30 Alexandra Lai, Oana Secrieru

  The authors examine the impact of multinational enterprises (MNEs) on exchange rate pass-through in an environment where an MNE engages in Cournot (quantity) competition with domestic and foreign rivals.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, Exchange rates, Market structure and pricing JEL Code(s): F, F2, F23, L, L1, L16

• Competition in Banking: A Review of the Literature

  Staff Working Paper 2004-24 Carol Ann Northcott

  The author reviews the theoretical and empirical literature to examine the traditional perception that the following trade-off exists between economic efficiency and stability in the banking system: a competitive banking system is more efficient and therefore important to growth, but market power is necessary for stability in the banking system.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial Institutions, Financial services, Market structure and pricing JEL Code(s): G, G2, G21, G28, L, L1, L11, L12, L13, L16

• Testing the Pricing-to-Market Hypothesis: Case of the Transportation Equipment Industry

  Staff Working Paper 2000-8 Lynda Khalaf, Maral Kichian

  Pricing-to-market (PTM) theory suggests that monopolistic firms which export adjust their destination-specific markups in reaction to exchange rate shocks. These adjustments limit changes in the price of their exports.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Econometric and statistical methods, Market structure and pricing JEL Code(s): C, C1, C12, C15, L, L1, L11, L16