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  • 标题:UNDERSTANDING SPANISH DUAL INFLATION
  • 本地全文:下载
  • 作者:Ángel Estrada ; J. David López Salido
  • 期刊名称:Investigaciones Económicas
  • 印刷版ISSN:0210-1521
  • 电子版ISSN:1575-4367
  • 出版年度:2004
  • 卷号:XXVIII
  • 期号:1
  • 页码:123-140
  • 语种:English
  • 出版社:Fundación SEPI
  • 其他摘要:We explore the implications of the di􀀞erential behavior of total factor productivity across sectors for understanding the dynamics of the relative prices of services and manufactures. We find that, in the second half of the nineties, contrary to the assumptions of the Balassa-Samuelson hypothesis, the relative evolution of the markups of the services and manufacturing sectors has been a key determinant of what we refer to as Spanish dual inflation.
  • 关键词:Inflation; productivity; markups
  • 其他关键词:Inflation; productivity; markups.
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