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I'm looking for scholarly articles or summaries on the subject of markups. More importantly, for empirical evidence whether they're pro- or counter cyclical, and on theoretical papers on their conclusions.

For Example, Nekarda and Ramey, The Cyclical Behavior of the Price-Cost Markup, who show that some methods which provide empirical counter cyclicality are not robust, and look at the implications for Neo Keynesian models.

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