Industry Structure and the Dynamics of Price Adjustment

Anindya Banerjee and B. Russell

Economics Working Papers from European University Institute

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. A preliminary explanation based on indutry structure is explored for the relative sizes of the impact of inflation on the markup in the long-run for the various sectors.

Keywords: INFLATION; WAGES; PRICES; COMPETITION (search for similar items in EconPapers)
JEL-codes: C32 C52 D40 E24 E30 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2000
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Industry structure and the dynamics of price adjustment (2001)
Working Paper: Industry Structure and the Dynamics of Price Adjstment (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:eui:euiwps:eco2000/22

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