Abstract
Using US data, we show that a large share of the variation in price mark-up shocks estimated from standard Dynamic Stochastic General Equilibrium (DSGE) models can be explained by energy and commodity price dynamics. We identify robust drivers of the price mark-up in the US and find that around 30% of the variation in their changes can be explained by variation in energy, metal and import prices. The explanatory power increases to over 60% if short-term fluctuations in price mark-ups are smoothed.
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 1-6 |
| Seitenumfang | 6 |
| Fachzeitschrift | Applied Economics Letters |
| DOIs | |
| Publikationsstatus | Elektronische Veröffentlichung vor Drucklegung - 17 Apr. 2025 |
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