Browsing Institutt for samfunnsøkonomi by Author "Bowdler, Christopher"
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Testing for a time-varying price-cost markup in the Euro area inflation process
Bowdler, Christopher; Jansen, Eilev S. (Working Paper Series, 1503-299X; 2004:5, Research report, 2004)Empirical models of inflation often incorporate equilibrium correction effects based upon levels of prices and input costs. Such models assume that the steady-state price-cost markup is constant, but recent research suggests ...