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data for the U.S. and Japan from 1960 through 1981. The empirical results suggest that markups for manufacturing firms in … the U.S. and Japan have increased over time, but tend to be procyclical in the U.S. and countercyclical in Japan. This …
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This paper provides estimates of price-marginal cost ratios or markups for 50 sectors in 8 euro area countries and the US over the period 1981-2004. The estimates are obtained applying the methodology developed by Roeger (1995) on the EU KLEMS March 2007 database. Five stylized facts are...
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