Series: IMF Working Papers
Author(s): Nir Klein
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2011
Keywords: Counter-cyclical markups, output gap-inflation co-movement, inflation, gdp deflator, monetary economics, inflation targeting framework, Market Structure and Pricing: Oligopoly and Other Forms of Market Imperfection,
The study looks at the cyclical behavior of the markups and assesses its impact on inflation dynamics. The analysis finds that the aggregate level of the private sector's markup is relatively high, thus pointing to...