Partial Adjustment of Prices Under Ration Expectation, A Study of the Canadian Textile Industry

This paper uses an Okun-type contract paradigm, where price adjustment is costly, due to lack of information. We apply Kennan's (1979) estimation technique to determine the relative price adjustment costs. The results for the Canadian textile industry demonstrate the partial adjustment of prices under rational expectations.

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Year of publication:	1982
Authors:	Novin, Farid
Institutions:	Economics Department, Queen's University

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005787644