Partial adjustment without apology
By: Robert G. King and Julia Thomas.
Contributors: Thomas, Julia.
Series: Federal Reserve Bank of Minneapolis, Research Department staff report ;; 327; Staff report (Federal Reserve Bank of Minneapolis. Research Dept. : Online) ;; 327.
Publisher: Federal Reserve Bank of Minneapolis
Published: 2004
Place of publication: [Minneapolis, Minn.]
Language: eng
Format: Electronic resource
Subjects: Econometric models.
Description: "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.
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.