Müller-Kademann, Christian (contributor) - 2004 - [Elektronische Ressource]
We investigate how firms' market power affects the price level. In our small macro-model we show, that firms - in … paper provides empirical evidence for both these propositions to hold. To show this, we estimate the model in a multivariate … time series framework with double integrated variables. We can derive a model based business cycle indicator which compares …