Chris Conlon on the Post-COVID Inflation Surge and the Greedflation Narrative
Macro Musings with David Beckworth
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The Relationship Between Markup and Prices
In your paper, you find that the markup and prices aren't correlated at all. And so is the implication from that to this broader debate that even if profits are going up in some firms, it's not being carried over into higher prices? Is that the implication of your work? Yeah. I think it's a little hard always to over interpret a scatter plot with a correlation of zero. That's proof or disprove of anything. But yeah, what do we find? We found if you look at, you know, so we originally did this looking at 1980 to 2018, but then when we looked at the current period, it also was like an R squared of the regression of 0
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