Discovery - University of Dundee - Online Publications

Library & Learning Centre

The Relationship Between the Markup and Inflation in the G7 Plus One Economies

The Relationship Between the Markup and Inflation in the G7 Plus One Economies

Research output: Contribution to conferencePaper

View graph of relations

Authors

Research units

Info

Original languageEnglish
Number of pages16
StatePublished - 2000
EventEconometric Society 8th World Congress - Seattle, United States

Conference

ConferenceEconometric Society 8th World Congress
CountryUnited States
CitySeattle
Period11/08/0016/08/00
Internet address

Abstract

An I(2) analysis of inflation and the markup is undertaken for the G7 economies and Australia. We find that the levels of prices and costs are best described as I(2) processes and that except for Japan a linear combination of the log levels of prices and costs cointegrate to the markup that is integrated of order 1. It is also shown that the markup in each case cointegrates with inflation and that higher inflation is associated with a lower markup in the long-run and vice versa.

Download statistics

No data available

Documents

Open Access permissions

Open

Documents

  • 0242

    Final published version, 392 KB, PDF-document

Links

Library & Learning Centre

Contact | Accessibility | Policy