The speed and stability of price adjustment in Australian manufacturing
A model of industry speed of price adjustment is derived from firm pricing behaviour. The model is applied to quarterly two-digit Australian manufacturing data for the period 1985 (Q3) to 2002 (Q3). The results suggest that the industry speed of price adjustment is positively related to the averag...
| Main Authors: | , |
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| Format: | Journal Article |
| Published: |
Blackwell Publishing Asia
2007
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| Online Access: | http://hdl.handle.net/20.500.11937/36796 |