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

Anindya Banerjee and B. Russell

Economics Working Papers from European University Institute

Abstract: 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.

Keywords: INFLATION; PRICES; WAGES; ECONOMETRICS (search for similar items in EconPapers)
JEL-codes: C22 C32 C52 E24 E31 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2000
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Citations: View citations in EconPapers (11)

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Related works:
Working Paper: The Relationship Between the Markup and Inflation in the G7 Plus One Economies (2000)
Working Paper: The Relationship Between the Markup and Inflation in the G7 Plus One Economies (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:eui:euiwps:eco2000/7

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