Structural Features of Distributive Trades and Their Impact on Prices in the Euro Area
146 Pages Posted: 10 Oct 2011
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: Suggested Citation
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