| Title: |
What are price mark-up shocks? |
| Authors: |
Crespo Cuaresma, J.; Singer, R. |
| Publication Year: |
2025 |
| Collection: |
IIASA PURE (International Institute of Applied Systems Analysis: PUblications REpository) |
| Description: |
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. |
| Document Type: |
article in journal/newspaper |
| File Description: |
text |
| Language: |
English |
| Relation: |
https://pure.iiasa.ac.at/id/eprint/20710/1/What%20are%20price%20mark-up%20shocks%20.pdf; Crespo Cuaresma, J. & Singer, R. (2025). What are price mark-up shocks? Applied Economics Letters 1-6. 10.1080/13504851.2025.2491729 . |
| DOI: |
10.1080/13504851.2025.2491729 |
| Availability: |
https://pure.iiasa.ac.at/id/eprint/20710/; https://doi.org/10.1080/13504851.2025.2491729 |
| Rights: |
cc_by_nc_nd_4 |
| Accession Number: |
edsbas.1D0FE1E0 |
| Database: |
BASE |