The paper does not claim that firms have increased profit margins: "the limited available data does not point to a widespread increase in markups" https://www.

The paper does not claim that firms have increased profit margins: "the limited available data does not point to a widespread increase in markups" https://www.imf.org/en/Publications/WP/Issues/2023/06/23/Euro-Area-Inflation-after-the-Pandemic-and-Energy-Shock-Import-Prices-Profits-and-Wages-534837?cid=bl-com-WPIEA2023131 https://www.imf.org/en/Publications/WP/Issues/2023/06/23/Eur...