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Price asymmetric adjustment in Taiwan broiler industry
Journal of Statistics and Management Systems, 2009Abstract The broiler industry is one of the most important livestock industries in Taiwan. The purpose of this paper is to figure out the price adjustment characteristics of broiler industry in Taiwan. The threshold autoregressive model (TAR) and Momentum-TAR (MTAR) are applied to verify the existence of asymmetry in price adjustment.
Yu-Ying Lin
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Exchange rate and oil price: asymmetric adjustment
Applied Economics Letters, 2013This article aims to investigate whether the interaction between exchange rate and oil price exhibits asymmetric adjustment in Philippines using quarterly data over the period 1970Q1 to 2011Q4. The Threshold Autoregressive (TAR) model reveals that exchange rate and oil price are not cointegrated. However, these two variables are asymmetrically adjusted
Chin-Yu Lee, Lim Thye Goh
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Asymmetric price adjustment and the Phillips curve
Journal of Macroeconomics, 2002 Abstract Recent empirical work on the Phillips curve has focused on the convexity of the relationship between inflation and unemployment. In this paper we argue that another potentially important source of nonlinearity in the Phillips curve is to be found in asymmetric price adjustment.
Walter Enders, Stan Hurn
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Asymmetric Price Adjustment: Cross‐Industry Evidence
Southern Economic Journal, 2009Several studies document asymmetric price adjustment in gasoline and agricultural markets. Do these results extend to other subsectors of the economy? This paper investigates the existence of asymmetric price adjustment in 269 6‐digit North American Industrial Classification System (NAICS) industries using quarterly financial data from 1966–2006 ...
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Relative prices, the price level and inflation: Effects of asymmetric and sticky adjustment [PDF]
, 2011 The paper examines how relative price shocks can affect the price level and then inflation. Using Indian data we find: (i) price increases exceed price decreases. Aggregate inflation depends on the distribution of relative price changes-inflation rises when the distribution is skewed to the right, (ii) such distribution based measures of supply shocks ...
Shruti Tripathi, Ashima Goyal
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Are US gasoline price adjustments asymmetric? [PDF]
Applied Economics Letters, 2008 We use the LSE-Hendry general to specific approach to analyse if US gasoline price adjustments are asymmetric with respect to changes in crude oil prices. Furthermore, we modify some weaknesses in the earlier works by Borenstein et al. (1997) and Bachmeier and Griffin (2003) and shows that if the price adjustment equations are properly specified and ...
B Bhaskara Rao, Gyaneshwar Rao
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Inflation and Asymmetric Price Adjustment [PDF]
Review of Economics and Statistics, 2000 Using a unique micro data set, we find pervasive evidence of price asymmetry that is systematically related to inflation. An ordered probit model of pricing by manufacturing, building and merchandising firms shows that inflation: (i) increases the probability of a price increase in response to cost increases and (ii) decreases the probability of a ...
Buckle, Robert A., Carlson, John A.
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Asymmetric Price Adjustment in the Small: An Implication of Rational Inattention [PDF]
SSRN Electronic Journal, 2005 We study the implications of rational inattention for individual price dynamics. Analyzing scanner data that cover 29 product categories over a eight-year period from a large Mid-western supermarket chain, we uncover a surprising regularity in the data—small price increases occur more frequently than small price decreases.
Daniel Levy +3 more
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Price Transmission and Asymmetric Adjustment in the U.S. Beef Sector
American Journal of Agricultural Economics, 1999Barry K Goodwin, Matthew T Holt
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