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The Estimation of Partial Adjustment Models with Rational Expectations
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Publications
The Estimation of Partial Adjustment Models with Rational Expectations
The Estimation of Partial Adjustment Models with Rational Expectations
JK
John Kennan
John Kennan
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1 November 1979
journal article
Published by
JSTOR
in
Econometrica
Vol. 47
(6)
,
1441
https://doi.org/10.2307/1914011
Abstract
The partial adjustment model has been used in many areas of applied economics as a description of optimal behavior in the face of adjustment costs. The model re...
Keywords
BEHAVIOR
OPTIMAL
ADJUSTMENT MODELS
PARTIAL ADJUSTMENT MODEL
MODELS WITH RATIONAL
MODEL RE
ESTIMATION OF PARTIAL
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Cited by 198 articles