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The Review of Economics and Statistics Vol. 75 No. 1 1993

Inflationary Expectations and Price Setting Behavior

Ray C. Fair1,2

1 Yale University - Cowles Foundation · 2 Yale School of Management - International Center for Finance

open access

Abstract

This paper tests for the existence of expectational effects in very disaggregate price equations. Price equations are estimated using monthly data for each of 40 products. The dynamic specification of the equations is also tested, including whether the equations should be specified in level

DOI
10.2307/2109621
Volume
75
Issue
1
Pages
8
Sources
openalex crossref

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