| ||||
|
Abstract:
This paper develops an empirically constant, data-coherent, error cor�rection model for inflation in Australia. The level of consumer prices is a mark-up over domestic and import costs, with adjustments for dynamics and relative aggregate demand. We address issues of cointegration, general to specific modelling, dynamic specification, model evaluation and test�ing' parameter constancy, and exogeneity. We also test this model against existing models of Australian prices: this model encompasses (but is not encompassed by) the existing models.
PDF files: Adobe Acrobat Reader ZIP files: PKWARE Home | IFDPs | List of 1995 IFDPs Accessibility | Contact Us Last update: September 17, 2008 |
