The speed and stability of price adjustment in Australian manufacturing
A model of industry speed of price adjustment is derived from firm pricing behaviours. The model is applied to quarterly two-digit Australian manufacturing data for the period 1985:3 to 2002:3. The results suggest that the industry speed of price adjustment is positively related to the average size...
| Main Authors: | , |
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| Format: | Working Paper |
| Published: |
School of Economics and Finance, Curtin Business School
2006
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| Online Access: | http://hdl.handle.net/20.500.11937/8507 |