Inflation dynamics and real marginal costs: new evidence from U S manufacturing industries
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![FIGURE 5.Bias in the GMM estimates ofmeter the bias is computed as the percentage deviation of the estimated parameter from the true value, i.e.BIAS µ1 and µ2, for different values of ϕ2 and θ2.For each para-µi= 100× [(ˆµi − µi) /µi], where ˆµi stands for the estimated parameter, while µi denotes the true value.](https://thumb-us.123doks.com/thumbv2/123dok_us/8877035.944469/36.595.98.551.304.445/estimates-percentage-deviation-estimated-parameter-dierent-estimated-parameter.webp)
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