Blar i Arbeidsnotater / Working Papers på forfatter "Bowdler, Christopher"
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Testing for a Time-Varying Price-Cost Markup in the Euro Area Inflation Process
Bowdler, Christopher; Jansen, Eilev S. (Working Papers;9/2004, Working paper, 2004)Empirical models of inflation often incorporate equilibrium correction effects based upon levels of prices and input costs. Such models assume that the steady-state price-cost markup is constant, but recent research suggests ...