| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060424 | Economics Letters | 2012 | 5 Pages |
Abstract
⺠We compare the model-based marginal cost with observed candidate variables. ⺠We use a New Keynesian model to estimate the marginal cost. ⺠Labor market variables are highly correlated with our estimated marginal cost. ⺠Substantial variations exist in our estimates that cannot be explained by conventional marginal cost proxies.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Christian Matthes, Mu-Chun Wang,