文章基本信息

标题：Understanding spanish dual inflation
本地全文：下载
作者：Ángel Estrada y J. David López-Salido
期刊名称：Documentos de Trabajo / Banco de España
印刷版ISSN：0213-2710
电子版ISSN：1579-8666
出版年度：2002
卷号：1
出版社：Banco de España
摘要：We explore the implications of the diﬀerential behavior of total factor productivity across sectors to understand the dynamics of the relative prices of services to manufacturing sectors. We ﬁnd that contrary to the predictions of the Balassa-Samuelson hypothesis, the evolution of relative markups between services and manufacturing sectors has been a key determinant of recent Spanish dual inﬂation.