Manufacturing Stocks and Forward-Looking Expectations in the UK.
This paper derives a model of the stocks plan based on optimal behavior by the firm when facing adjustment costs with forward-looking expectations formation. Estimates of the model are reported for manufacturing, using three alternative expectations mechanisms for determining expected sales: time se...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1986
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