Preiserwartungen der Unternehmer
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Preiserwartungen der Unternehmer
Eine empirische Untersuchung anhand der Ifo-Salden
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 106 (1986), Iss. 6 : pp. 579–604
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Wolters, Jürgen
References
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Abstract
This paper investigates the formation of price-expectations in the investment and consumer goods industry, using quarterly data of the Ifo-Business Test for the period 1960 to 1983. The explanatory variables and its dynamic structure are established on the basis of statistical decision criteria. The results show a high degree of habit-persistence behaviour. It seems that monetary growth has additional explanatory power at least for seasonal movements for investment goods price-expectations, whereas in consumer goods industry demand pull factors play an additional role.