Markup and the Business Cycle: Evidence from Italian Manufacturing Branches

D.J. Marchetti

Working Papers from Banca Italia - Servizio di Studi

Abstract: This paper investigates the markup of price over marginal cost in Italian manufacturing branches. The approach used is an extension of Hall's model that addresses some measurement shortcomings and theoretical limitations that may affect this class of model.

Keywords: MANUFACTURES; BUSINESS CYCLES (search for similar items in EconPapers)
JEL-codes: E32 L60 (search for similar items in EconPapers)
Date: 1999
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