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The Contribution of Firm Profits to the Recent Rise in Inflation

Bouras, Panagiotis; Bustamante, Christian; Guo, Xing; Short, Jacob
2023
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Description

Abstract: We measure the contribution to inflation from the growth in markups of Canadian firms. The dynamics of inflation and markups suggest that changes in markups could account for less than one-tenth of inflation in 2021. Further, they suggest that peak inflation was driven primarily by changes in firms’ costs.

Details

Resource Type
Journal Article
Series (Uniform Title)
Peer-Reviewed Publications
Publications à comité de lecture
DOI
https://doi.org/10.1016/j.econlet.2023.111449
Title
The Contribution of Firm Profits to the Recent Rise in Inflation
Creator
Bouras, Panagiotis (Bank of Canada)
Bustamante, Christian (Bank of Canada)
Guo, Xing (Bank of Canada)
Short, Jacob (Bank of Canada)
Publisher
Elsevier BV
Date
2023-12-01
Published in
Economic Letters
Volume
233
Issue
111449
Language
English
Note
The views expressed in this paper are solely those of the authors and may differ from official Bank of Canada views. No responsibility for them should be attributed to the Bank.
Publication Citation
Bouras, P., C. Bustamante, X. Guo and J. Short. 2023. "The Contribution of Firm Profits to the Recent Rise in Inflation." Economic Letters 233 No. 111449. https://doi.org/10.1016/j.econlet.2023.111449.
Record Appears in
Bank of Canada Research > Peer-Reviewed Publications

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