specification for the G7 economies and find that the US, UK and Canada typically enjoy less inertia in price setting than the … the proportion of firms which use simple backward-looking rules of thumb in price setting is greater when the frequency of … price change is smaller. Finally there is evidence of significant asymmetries in price setting amongst EMU members. …

specification for the G7 economies and find that the US, UK and Canada typically enjoy less inertia in price setting than the … the proportion of firms which use simple backward-looking rules of thumb in price setting is greater when the frequency of … price change is smaller. Finally there is evidence of significant asymmetries in price setting amongst EMU members …

, allowing for the possibility that wages are determined according to an efficient bargaining process between employers and … of our empirical relationship between the price-cost margin and an alternative specification of imperfect competition of …