Mazumder, Sandeep - In: Economics Bulletin 31 (2011) 1, pp. 473-484
This paper examines the long-run relationship between inflation and a new measure of the price-marginal cost markup …. This new markup index is derived while accounting for labor adjustment costs, which a large number of the papers that … estimate the markup have ignored. We then examine the long-run relationship between this markup measure, which is estimated …