Storm, Servaas - In: PSL quarterly review 76 (2023) 306, pp. 243-259
an increase in the gross output price that is caused by an increase in the profit mark-up (keeping all other unit cost … items constant). Empirical evidence for the U.S. economy (2020-2022) shows that corporate profit mark-ups have indeed … inflationary episode is the outcome not of a wage-price spiral but of a profit mark-up-price spiral in which real wages get …