BLOCH, HARRY; OLIVE, MICHAEL - In: The Economic Record 83 (2007) s1, pp. 46-46
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...