Fiscal episodes, technological progress and market power

We assess the impact of fiscal adjustments (and technology) on the evolution of markups in a panel of 14 OECD countries. We allow for smooth changes in the technological parameters by generating measures of TFP compatible with markups and assess the interaction between the two variables. Our results...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Jalles, João Tovar (author)
Format: workingPaper
Language:eng
Published: 2015
Subjects:
Imperfect Competition
TFP
Fiscal Consolidation
Local Projection
Business Cycle
Impulse Response Functions
GMM
Online Access:http://hdl.handle.net/10400.5/9246
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/9246

Internet

http://hdl.handle.net/10400.5/9246

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