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Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Martin, C | - |
dc.coverage.spatial | 18 | en |
dc.date.accessioned | 2007-06-26T20:22:07Z | - |
dc.date.available | 2007-06-26T20:22:07Z | - |
dc.date.issued | 2000 | - |
dc.identifier.citation | Economics and Finance Working Papers, Brunel University, 00-03 | en |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/880 | - |
dc.description.abstract | This paper suggests a simple test of whether agents are forward-looking or myopic that can be implemented on the type of backward-looking econometric models that are usually estimated.. We argue that myopic behaviour implies a simple parametric restriction that will not hold if agents are forward-looking. We illustrate our tests by examining price adjustment in the UK using aggregate quarterly data from 1963-1997. Our evidence strongly suggests that pricesetting is forward-looking and not myopic. | en |
dc.format.extent | 169611 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | en | - |
dc.publisher | Brunel University | en |
dc.subject | myopia, testing, price adjustment | en |
dc.title | Testing Myopia in Economic Models | en |
dc.type | Research Paper | en |
Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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