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Aggregate price responses to wage and productivity changes: Evidence from the U.S.

✍ Scribed by D. Moschos

Publisher
Springer-Verlag
Year
1983
Tongue
English
Weight
366 KB
Volume
8
Category
Article
ISSN
0377-7332

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An error correction model was fitted to monthly data on net retail gasoline prices for the U.K. and the U.S.A. over the period January 1980-June 1996 in order to examine the short-run response of gasoline prices to changes in crude oil costs and exchange rate. The hypothesis of a symmetric response