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Crespo Cuaresma, J. & Singer, R. (2025). What are price mark-up shocks? Applied Economics Letters 1-6. 10.1080/13504851.2025.2491729.
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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.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Price mark-up shocks, dynamic stochastic general equilibrium models |
| Research Programs: | Population and Just Societies (POPJUS) Population and Just Societies (POPJUS) > Migration and Sustainable Development (MIG) |
| Depositing User: | Luke Kirwan |
| Date Deposited: | 25 Jun 2025 07:20 |
| Last Modified: | 25 Jun 2025 07:20 |
| URI: | https://pure.iiasa.ac.at/20710 |
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