Globalization, Markups, and the U.S. Price Level
---- Acknowledgements -----
The authors thank Jessie Handbury and Morgan Hardy for excellent research assistance, along with Bob Staiger and other seminar participants at the NBER and the University of Chicago for their comments. Financial support from the NSF is gratefully acknowledged. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.