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"Many kinds of economic behavior involve discrete and occasional individual choices. Despite this, econometric partial adjustment models perform relatively well at the aggregate level. Analyzing the classic employment adjustment problem, we show how such microeconomic adjustment is well described by a new form of partial adjustment model that aggregates the actions of heterogeneous producers"--Federal Reserve Bank of Minneapolis web site.
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Econometric modelsShowing 2 featured editions. View all 2 editions?
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1
Partial adjustment without apology
2004, Federal Reserve Bank of Minneapolis
Electronic resource
in English
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Edition Notes
Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 11/16/2004.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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Feedback?December 11, 2020 | Edited by MARC Bot | import existing book |
December 3, 2010 | Edited by Open Library Bot | Added subjects from MARC records. |
December 10, 2009 | Created by WorkBot | add works page |