Relative importance of sectoral and aggregate sources of price changes
نویسندگان
چکیده
منابع مشابه
Relative importance of sectoral and aggregate sources of price changes
This paper estimates a dynamic common factor model to assess relative importance of the aggregate and the sector-specific factors that determine changes in the prices of individual products. It also examines how aggregate price changes are affected by these factors. Two different specifications of the model are estimated: the baseline model with one aggregate factor, and a second specification ...
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ژورنال
عنوان ژورنال: Applied Economics
سال: 2004
ISSN: 0003-6846,1466-4283
DOI: 10.1080/0003684042000236048