The role of changing market structures for recent inflation dynamics and monetary policy
This is a stand-alone research project (18915) funded by the Anniversary fund (Jubiläumsfonds) of the Austrian National Bank (OeNB – Östereichische Nationalbank). The project is conducted at the Institute of Statistics and Mathematical Methods in Economics.
The project studies recent inflation dynamics in a changing market environment. In many countries, inflation has been difficult to explain with standard economic theory, and understanding its drivers is essential for households, firms, and policymakers designing effective economic policy.
The project focuses on how inflation relates to key features of today’s economy:
- How does globalization shape production costs and consumer prices?
- How does the growing presence of large global firms influence prices?
- How are markups and profits distributed across firms?