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  • Structural features of distributive trades and their impact on prices in the euro area
    Ciapanna, Emanuela; Pace, Christopher; Bardet-Fremann, Pierre-Michel; Kapatais, Demetris; Vermeulen, Philip; Gattini, Luca; Fritzer, Friedrich; Berardi, Nicoletta; Kivistö, Jarkko; Alvarez, Luis J; Cardoso, Fátima; Karma, Branislav; Hartmann, Christin; SEVESTRE, Patrick; Anderton, Robert; Kieft, Jasper; de los Llanos Matea, María; Meyler, Aidan; Izquierdo, Mario; Kaarup, Ri; Mohr, Matthias; Jarvis, Valerie; Rondinelli, Concetta; Zerafa, Sandra Zerafa; Komzakova, Magdalena; Sondermann, David; Panagiotou, Stylianos; Balfoussia, Hiona; Stahl, Harald Edgar; Linehan, Suzanne; Lünnemann, Patrick; Gabrijelcic, Mateja; Walch, Eric; Page, Adrian; Landau, Bettina; Cornille, David; Tsalinski, Tsvetan; Vladova, Zornitsa

    2011/09 128
    Paper

    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. JEL Classification:

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