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The Divergent Dynamics of Labor Market Power in Europe

Author/Editor: Federico J Diez, Davide Malacrino, Ippei Shibata.

Release Date:December, 2022

We use firm-level data from 10 European countries to establish several new stylized facts about firms' labor market power. First, we find the pervasive presence of labor market power across countries more...



Price: $20.00
Rising Corporate Market Power: Emerging Policy Issues : Emerging Policy Issues

Release Date:March, 2021

Corporate market power has risen in recent decades, and new estimates in this note suggest that the likely wave of small and medium-sized enterprise bankruptcies from the ongoing pandemic will more...



Price: $20.00
Global Declining Competition

Author/Editor: Federico J Diez, Jiayue Fan, Carolina Villegas-Sánchez.

Release Date:April, 2019

Using a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competition has declined around the world, more...



Price: $18.00
Global Market Power and its Macroeconomic Implications

Author/Editor: Federico Diez, Daniel Leigh, Suchanan Tambunlertchai.

Release Date:June, 2018

We estimate the evolution of markups of publicly traded firms in 74 economies from 1980-2016. In advanced economies, markups have increased by an average of 39 percent since 1980. The increase is more...



Price: $18.00
Dominant Currency Paradigm: A New Model for Small Open Economies

Author/Editor: Camila Casas, Federico Diez, Gita Gopinath, Pierre-Olivier Gourinchas.

Release Date:November, 2017

Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model more...



Price: $18.00