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| 02895nam 2200421zi 4500 |
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| 001 | 9.942548 |
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| 003 | CaOODSP |
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| 005 | 20240828144721 |
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| 006 | m o d f |
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| 007 | cr mn||||||||| |
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| 008 | 240828t20242024onca ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | 0 |aeng|beng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2024-20E-PDF |
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| 100 | 1 |aAlexander, Patrick D., |eauthor. |
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| 245 | 10|aMarkups and inflation in oligopolistic markets : |bevidence from wholesale price data / |cby Patrick Alexander, Lu Han, Oleksiy Kryvtsov and Ben Tomlin. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2024. |
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| 264 | 4|c©2024 |
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| 300 | |a1 online resource (ii, 80, that is, ii, 79 pages) : |billustrations (chiefly colour). |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |y1701-9397 ; |v2024-20 |
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| 500 | |aISSN assigned to different series. |
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| 500 | |a"Last updated: May 28, 2024." |
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| 504 | |aIncludes bibliographical references (pages 35-38). |
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| 520 | 3 |a"We study how the interaction of market power and nominal price rigidity influences inflation dynamics. We formulate a tractable model of oligopolistic competition and sticky prices and derive closed-form expressions for the pass-through of idiosyncratic and common cost shocks to firms' prices. Using unpublished micro data for Canadian wholesale firms, we estimate that the pass-through of idiosyncratic costs is incomplete at 70% and independent of the degree of sector-price-stickiness. The pass-through of common costs declines with price stickiness, from nearly complete in flexible-price sectors to below 70% in sectors with the stickiest prices. An increase in the degree of sector or firm market power reduces the pass-through of both types of cost shocks. These estimates imply a degree of strategic complementarity that lowers the slope of the New Keynesian Phillips curve by 30% in a one-sector model and by 74% in a multi-sector model"--Abstract, page ii. |
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| 546 | |aIncludes abstracts in English and French. |
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| 650 | 0|aInflation (Finance)|zCanada|xEconometric models. |
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| 650 | 0|aWholesale trade|xPrices|zCanada|xEconometric models. |
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| 650 | 0|aTransmission mechanism (Monetary policy)|zCanada|xEconometric models. |
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| 650 | 6|aInflation|zCanada|xModèles économétriques. |
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| 650 | 6|aCommerce de gros|xPrix|zCanada|xModèles économétriques. |
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| 650 | 6|aMécanismes de transmission (Politique monétaire)|zCanada|xModèles économétriques. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2024-20.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1.16 MB|uhttps://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2024-20-eng.pdf |
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