๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Rational Expectations and the Theory of Price Movements

โœ Scribed by John F. Muth


Book ID
111643103
Publisher
John Wiley and Sons
Year
1961
Tongue
English
Weight
477 KB
Volume
29
Category
Article
ISSN
0012-9682

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Price determination and rational expecta
โœ Thorarinn G. Petursson ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 185 KB

A forward looking specification of the error correction model is estimated for Icelandic inflation for the period 1962 -1993. Our results are consistent with the view that prices are set by rational, forward looking firms, reacting to expected future innovations in production costs. The forward mode