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Markups’ cyclical behaviour: the role of demand and supply shocks
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Autores
Orientador(es)
Resumo(s)
We assess how demand and supply shocks (identified via the Blanchard and Quah (1989)
structural vector autoregression approach) in 14 OECD countries affect markups. We find that
individual responses of markups to demand shocks push down the markup for most countries
(confirmed in the panel analysis). On the other hand, a supply shock has a more mixed effect.
Descrição
Palavras-chave
Blanchard–Quah Markup VAR Impulse Response Functions Local Projection
Contexto Educativo
Citação
Afonso, António and João Tovar Jalles.(2016). "How does fiscal policy affect investment? Evidence from a large panel". International Journal of Finance & Economics, Vol. 23, No. 1: pp. 1-5.
Editora
Taylor & Francis Group