Structural Features of Distributive Trades and Their Impact on Prices in the Euro Area

146 Pages Posted: 10 Oct 2011

See all articles by Robert Anderton

Robert Anderton

European Central Bank (ECB)

Aidan Meyler

European Central Bank (ECB)

Luca Gattini

European Union - European Investment Bank

Mario Izquierdo

Banco de España

Valerie Jarvis

European Central Bank (ECB)

Ri Kaarup

affiliation not provided to SSRN

Magdalena Komzakova

European Central Bank (ECB)

Bettina Landau

European Central Bank (ECB)

Matthias F. Mohr

European Central Bank (ECB)

Adrian Page

affiliation not provided to SSRN

David Sondermann

European Central Bank (ECB)

Philip Vermeulen

European Central Bank (ECB)

David Cornille

National Bank of Belgium

Tsvetan Strahilov Tsalinski

affiliation not provided to SSRN

Zornitsa Vladova

Bulgarian National Bank

Christin Hartmann

affiliation not provided to SSRN

Harald Stahl

Deutsche Bundesbank - Economics Department

Suzanne Linehan

Central Bank and Financial Services Authority of Ireland

Hiona Balfoussia

Bank of Greece

Stelios Panagiotou

University of the Aegean - Department of Shipping, Trade and Transport

María de los Llanos Matea

Banco de España

Luis J. Alvarez

Banco de España

Pierre-Michel Bardet-Fremann

Banque de France

Nicoletta Berardi

Banque de France - Economic Study and Research Division

Patrick Sevestre

Aix-Marseille University

Emanuela Ciapanna

Bank of Italy

Concetta Rondinelli

Bank of Italy

Demetris Kapatais

Central Bank of Cyprus

Erik Walch

Banque Centrale du Luxembourg

Patrick Lunnemann

Banque Central du Luxembourg

Sandra Zerafa

affiliation not provided to SSRN

Christopher S. Pace

affiliation not provided to SSRN

Jasper Kieft

De Nederlandsche Bank

Friedrich Fritzer

Oesterreichische Nationalbank (OeNB)

Fatima Cristina Cardoso

Unaffiliated Authors

Mateja Gabrijelcic

Bank of Slovenia

Branislav Karma

National Bank of Slovakia

Jarkko Kivisto

Bank of Finland

Date Written: September 30, 2011

Abstract

The distributive trades, consisting of wholesaling and retailing, are a key sector of the economy. As the main interface between producers and consumers, the sector is particularly important from a monetary policy point of view: this is where most consumer goods prices are ultimately set. Despite almost 20 years of the Single Market, mark-ups in the distributive trades sector can still be substantial and differ considerably across countries, while cross-border trade remains limited. This report examines the structural features of the distributive trades sector which are likely to play an important role in determining price level and infl ation differences across countries.

Keywords: Prices, trades, euro area

Suggested Citation

Anderton, Robert and Meyler, Aidan and Gattini, Luca and Izquierdo, Mario and Jarvis, Valerie and Kaarup, Ri and Komzakova, Magdalena and Landau, Bettina and Mohr, Matthias F. and Page, Adrian and Sondermann, David and Vermeulen, Philip and Cornille, David and Tsalinski, Tsvetan Strahilov and Vladova, Zornitsa and Hartmann, Christin and Stahl, Harald and Linehan, Suzanne and Balfoussia, Hiona and Panagiotou, Stelios and Matea, María de los Llanos and Alvarez, Luis J. and Bardet-Fremann, Pierre-Michel and Berardi, Nicoletta and Sevestre, Patrick and Ciapanna, Emanuela and Rondinelli, Concetta and Kapatais, Demetris and Walch, Erik and Lunnemann, Patrick and Zerafa, Sandra and Pace, Christopher S. and Kieft, Jasper and Fritzer, Friedrich and Cardoso, Fatima Cristina and Gabrijelcic, Mateja and Karma, Branislav and Kivisto, Jarkko, Structural Features of Distributive Trades and Their Impact on Prices in the Euro Area (September 30, 2011). ECB Occasional Paper No. 128. Available at SSRN: https://ssrn.com/abstract=1791533

Robert Anderton (Contact Author)

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany
0049 69 13440 (Phone)
0044 69 1344 6000 (Fax)

Aidan Meyler

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Luca Gattini

European Union - European Investment Bank ( email )

98-100 Boulevard Konrad Adenauer
L-2950
Luxembourg

Mario Izquierdo

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Valerie Jarvis

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Ri Kaarup

affiliation not provided to SSRN ( email )

Magdalena Komzakova

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Bettina Landau

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Matthias F. Mohr

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Adrian Page

affiliation not provided to SSRN ( email )

David Sondermann

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Philip Vermeulen

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

David Cornille

National Bank of Belgium ( email )

Brussels, B-1000
Belgium

Tsvetan Strahilov Tsalinski

affiliation not provided to SSRN ( email )

Zornitsa Vladova

Bulgarian National Bank ( email )

str "St. Sofia" 5
Sofia, 1040
United States

Christin Hartmann

affiliation not provided to SSRN ( email )

Harald Stahl

Deutsche Bundesbank - Economics Department ( email )

Wilhelm-Epstein-Strasse 14
60431 Frankfurt am Main
Germany

Suzanne Linehan

Central Bank and Financial Services Authority of Ireland ( email )

P.O. 559 Dame Street
Dublin 2, D2
Ireland

Hiona Balfoussia

Bank of Greece ( email )

21 E. Venizelos Avenue
GR-10250 Athens
Greece

Stelios Panagiotou

University of the Aegean - Department of Shipping, Trade and Transport ( email )

Korai Building
Chios 82100
Greece

María de los Llanos Matea

Banco de España ( email )

Alcalá, 48
Madrid, Madrid 28014
Spain
+34 91-338-50-00 (Phone)

HOME PAGE: http://www.bde.es/

Luis J. Alvarez

Banco de España

Alcala 50
Madrid 28014
Spain

Pierre-Michel Bardet-Fremann

Banque de France ( email )

Paris
France

Nicoletta Berardi

Banque de France - Economic Study and Research Division ( email )

31, rue Croix des Petits Champs
75049 Paris Cedex 01
FRANCE

Patrick Sevestre

Aix-Marseille University ( email )

3 Avenue Robert Schuman
3 Avenue Robert Schuman,
Aix-en-Provence, 13628
France

Emanuela Ciapanna

Bank of Italy ( email )

Research Department
Via Nazionale 91
Roma, 00184
Italy
00390647922188 (Phone)

Concetta Rondinelli

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Demetris Kapatais

Central Bank of Cyprus ( email )

80 Kennedy Ave
1076 Nicosia
Cyprus

Erik Walch

Banque Centrale du Luxembourg ( email )

2, boulevard Royal
L-2983 Luxembourg
Luxembourg

Patrick Lunnemann

Banque Central du Luxembourg ( email )

2, boulevard Royal
L-2983 Luxembourg
Luxembourg

Sandra Zerafa

affiliation not provided to SSRN ( email )

Christopher S. Pace

affiliation not provided to SSRN ( email )

Jasper Kieft

De Nederlandsche Bank ( email )

PO Box 98
1000 AB Amsterdam
Amsterdam, 1000 AB
Netherlands

Friedrich Fritzer

Oesterreichische Nationalbank (OeNB) ( email )

Otto-Wagner-Platz 3, PO Box 61
Vienna,
1010 Vienna, A-1011
Austria

Fatima Cristina Cardoso

Unaffiliated Authors ( email )

United States

Mateja Gabrijelcic

Bank of Slovenia ( email )

Slovenska cesta 35
Slovenija, 1505
Slovenia

Branislav Karma

National Bank of Slovakia ( email )

Imricha Karvasa 1
813 25 Bratislava
Slovakia

Jarkko Kivisto

Bank of Finland ( email )

PO Box 160
00101 Helsinki
Finland

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