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found to bring about non-tradable inflation. However, we also shed new light on the fact that the impact of the internal … transmission mechanism on overall inflation is considerably attenuated by the low share of non-tradables in the consumer price …
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techniques, we find that productivity growth in the open sector leads to inflation in non-tradable goods. Because of the low …
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This paper analyses for 34 OECD countries the extent to which the calculation of aggregate multi-factor productivity (MFP) is sensitive to alternative parameterisations. The starting point is the definition of MFP used in previous work in the OECD's Economics Department (e.g. Johansson et al....
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