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Using data on product-level prices matched to the producing firm's unit labor cost, we reject the hypothesis of a full and immediate pass-through of marginal cost. Since we focus on idiosyncratic variation, this does not fit the predictions of the Ma'ckowiak and Wiederholt (2009) version of the...
Persistent link: https://www.econbiz.de/10010320747
highly reliable firm-level output prices and quantities in the manufacturing sector in Sweden, we are able to derive measures …
Persistent link: https://www.econbiz.de/10010320761