Industry structure and the dynamics of price adjustment

被引:7
作者
Banerjee, A [1 ]
Russell, B [1 ]
机构
[1] European Univ Inst, Dept Econ, I-50016 San Domenico Di Fiesole, Italy
关键词
D O I
10.1080/00036840010021131
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using annual US data for gross domestic product originating by sector between 1947 and 1997 it is shown that a negative long-run relationship between inflation and the markup is present across the sectors as well as in the aggregate data. A preliminary explanation based on industry structure is explored for the relative sizes of the impact of inflation on the markup in the long-run for the various sectors.
引用
收藏
页码:1889 / 1901
页数:13
相关论文
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