The Relationship between the Markup and Inflation in the G7 plus One Economies.

An I(2) analysis of inflation and the markup is undertaken for the G7 economies and Australia. We find that the levels of prices and costs are best described as I(2) processes and that except for Japan a linear combination of the log levels or prices and costs cointegrate to the markup that is integrated of order 1.

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Year of publication:	2000
Authors:	Banerjee, A. ; Russell, B.
Institutions:	Department of Economics, European University Institute
Subject:	INFLATION \| PRICES \| WAGES \| ECONOMETRICS

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Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	35 pages
Classification:	C22 - Time-Series Models ; C32 - Time-Series Models ; C52 - Model Evaluation and Testing ; E24 - Employment; Unemployment; Wages ; E31 - Price Level; Inflation; Deflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005697701