Federal Reserve Bank of San Francisco: 'Micro and Macro Perspectives on Production-Based Markups'
October 06, 2025
October 06, 2025
SAN FRANCISCO, California, Oct. 6 (TNSLrpt) -- The Federal Reserve Bank of San Francisco issued the following white paper (No. 2025-20) on September 30, 2025, by John G. Fernald, Amit Gandhi, Dimitrije Ruzic, and James Traina entitled "Micro and Macro Perspectives on Production-Based Markups."
Here are excerpts:
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We review the "production approach" to estimating markups--the ratio of price to marginal cost. Paired with increasingly . . .
Here are excerpts:
* * *
We review the "production approach" to estimating markups--the ratio of price to marginal cost. Paired with increasingly . . .