What are price mark-up shocks?
| Autoři | |
|---|---|
| Rok publikování | 2025 |
| Druh | Článek v odborném periodiku |
| Časopis / Zdroj | APPLIED ECONOMICS LETTERS |
| Fakulta / Pracoviště MU | |
| Citace | |
| www | https://doi.org/10.1080/13504851.2025.2491729 |
| Doi | http://dx.doi.org/10.1080/13504851.2025.2491729 |
| Klíčová slova | Price mark-up shocks;dynamic stochastic general equilibrium models |
| Popis | 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. |
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