Public expenditures on health and long-term care (hereafter, LTC) are a matter of concern for governments in most OECD countries. These expenditures have recently accelerated and are putting pressure on public budgets, adding to that arising from insufficiently reformed retirement schemes and...

This paper presents estimates of the cyclical fluctuations of price-cost margins, following an extended version of the Rotemberg and Woodford (1991) approach. The results support the hypothesis of counter-cyclical price margins in most manufacturing industries, especially in the presence of...