Show simple item record

dc.contributor.author Silver, J. L. en_US
dc.contributor.author Wallace, Dudley en_US
dc.date.accessioned 2010-03-09T15:29:28Z
dc.date.available 2010-03-09T15:29:28Z
dc.date.issued 1980 en_US
dc.identifier.uri http://hdl.handle.net/10161/1907
dc.description.abstract This paper examines the lag distribution relating wholesale to consumer price changes. Sims' causality test indicates a one-sided lag structure. Following Hatanaka and Wallace, parameters of the lag distribution which can be estimated with relatively high precision are emphasized. Thus, our concern is with the sum of coefficients and the first four moments of the distribution. Short-run effects are estimated from lag moments using Pearson's method for equating moments. As a smoothness prior, a Beta distribution in the lag weights is suggested. Tests for bias due to missing components in the wholesale price index indicate little is lost because of misspecification. en_US
dc.format.extent 709574 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.publisher Journal of Econometrics en_US
dc.subject Peasron's method for equating moments en_US
dc.subject lag distribution en_US
dc.subject sim's causality test en_US
dc.title The lag relationship between wholesale and consumer prices en_US
dc.type Journal Article en_US
dc.department Economics

Files in this item

This item appears in the following Collection(s)

Show simple item record