Three data sets from two different quarterly surveys have been used in estimating six standard models of price change behaviour. Results for Total Manufacturing Industry, for all three data sets, show prices respond to both actual cost movements and commodity market excess demand conditions. For...

Data from the quarterly "Survey of Industrial Trends in Australia' have been used to evaluate whether various excess demand and expectations influences have significantly affected reported price changes in Australian manufacturing industry. For the manufacturing sector, as a whole, both expected...