Industry structure and the dynamics of price adjustment
Anindya Banerjee
Authors registered in the RePEc Author Service: Bill Russell ()
Applied Economics, 2001, vol. 33, issue 15, 1889-1901
Abstract:
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.
Date: 2001
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Working Paper: Industry Structure and the Dynamics of Price Adjstment (2000) 
Working Paper: Industry Structure and the Dynamics of Price Adjustment (2000)
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DOI: 10.1080/00036840010021131
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