A new test of the inflation-real marginal cost relationship: ARDL bounds approach

Alexandros Kontonikas ()

Economics Letters, 2010, vol. 108, issue 2, 122-125

Abstract: We test the inflation-real marginal cost relationship using data for the United States over the period 1965-2009. We utilize the ARDL bounds approach of Pesaran et al. (2001). We find that higher marginal costs increase inflation.

Keywords: Inflation; Real; marginal; cost; Phillips; curve; Bounds; test (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:108:y:2010:i:2:p:122-125

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