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applied to postwar data, we find that shocks to inflation rates produce positive and persistent effects on output …
Persistent link: https://www.econbiz.de/10012477312
Persistent link: https://www.econbiz.de/10000329134
The relevance of imperfect competition for models of aggregate economic fluctuations has received increased attention from researchers in both macroeconomics and industrial organization. Measuring properly the size of industry markups of price over marginal cost is important both for assessing...
Persistent link: https://www.econbiz.de/10012476954