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2020 | 67(2) | 97-113
Article title

Modelling cyclical variation in the cost pass-through: a regime-dependent approach

Content
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Abstracts
EN
In this study a regime-dependent ARDL model is developed in order to investigate how labour costs feed through into prices conditional on the business cycle position. Its estimates enable inference on the cyclical behaviour of markups. The proposed methodology is applied to the Polish industrial sectors. The obtained estimates point to procyclicality as the prevailing pattern of markup adjustment. Thus, overall markups in the Polish industry seem to have a mitigating effect on business cycle fluctuations. The degree of procyclicality seems, however, to be positively correlated with the degree of the industry’s competitiveness.
Year
Volume
Pages
97-113
Physical description
Dates
published
2020-12-10
Contributors
References
Document Type
Publication order reference
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YADDA identifier
bwmeta1.element.ceon.element-bebcc3e6-edee-3cab-95d7-8c764d32f33a
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