A Note on the Relationship between the Cyclicality of Markups and Fiscal Policy

We demonstrate that the cyclical behaviour of markups is related to the cyclical behaviour of government spending. For plausible parameter assumptions, pro-cyclical spending results in less counter-cyclical mark-ups. Evidence for thirteen OECD countries confirms a weak version of this hypothesis

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Year of publication:	2013
Authors:	Claeys, Peter
Other Persons:	Costa, Luís F. (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Finanzpolitik \| Fiscal policy \| Konjunktur \| Business cycle \| Mark-up Pricing \| Mark-up pricing \| Theorie \| Theory

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Extent:	1 Online-Ressource (9 p)
Series:	AQR Working Paper ; No. 2012/08
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 1, 2012 erstellt
Other identifiers:	10.2139/ssrn.2294166 [DOI]
Classification:	D4 - Market Structure and Pricing ; E3 - Prices, Business Fluctuations, and Cycles ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; H6 - National Budget, Deficit, and Debt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013079039