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RELATIVE PRICE CHANGES IN RECESSION: A MICROECONOMETRIC ANALYSIS OF U.S. MANUFACTURING.

Authors :
Garber, Steven
Klepper, Steven
Source :
International Economic Review; Feb86, Vol. 27 Issue 1, p187, 22p
Publication Year :
1986

Abstract

Analyzes the determinants of relative price changes in recessions. Role of cost and demand shifts, backlogs of unfilled orders and unanticipated events; Equilibrium model of industrial pricing in recession and recovery; Model of recessionary relative price movements across manufacturing industries; Identification of the parameters.

Subjects

Subjects :
PRICES
RECESSIONS

Details

Language :
English
ISSN :
00206598
Volume :
27
Issue :
1
Database :
Complementary Index
Journal :
International Economic Review
Publication Type :
Academic Journal
Accession number :
5700115
Full Text :
https://doi.org/10.2307/2526615