Article ID Journal Published Year Pages File Type
5061093 Economics Letters 2010 4 Pages PDF
Abstract

We test the inflation-real marginal cost relationship using data for the United States over the period 1965-2009. We utilize the ARDL bounds approach of Pesaran et al. (2001). We find that higher marginal costs increase inflation.

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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A new test of the inflation-real marginal cost relationship: ARDL bounds approach
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