Complete Pass-Through in Levels*.

Empirical studies find that the pass-through of input cost changes to prices is incomplete: a 10% increase in costs causes downstream prices to rise less than 10%, even at long horizons. Using microdata from gas stations, food products, and manufacturing industries, I find that incomplete pass-throu...

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Bibliographic Details

Published in:	Quarterly Journal of Economics Vol. 141; no. 2; pp. 1077 - 1136
Main Author:	Sangani, Kunal
Format:	Article
Published:	Oxford University Press / USA May2026
Subjects:	Prices Price inflation Microeconomics Industrial costs Macroeconomic models Demand function
Online Access:	View this record in EBSCOhost