This paper addresses the role of markup variations in the transmission process of cross-sectoral productivity … frictionless goods markets predicts that a rise in the sectoral productivity ratio by 1% raises the relative price by 1% while … productivity by 1% raises the relative price of nontradables by only 0.70% and that an increase in government spending by 1% of GDP …

public indebtedness. Monetary policy is conducted within a framework that combines inflation targeting with exchange … un cadre associant le ciblage de l’inflation à un taux de change flexible. Une loi de responsabilité budgétaire, adoptée …

public indebtedness. Monetary policy is conducted within a framework that combines inflation targeting with exchange …