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THEREOTICAL AND CONCEPTUAL FRAMEWORK
THE REVIEW OF RELATED LITERATURE
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148 R-squared Adjusted Adjusted R-squared S.E. aggregate and disaggregate aggregate demand Akaike Information Criterion asymmetry in price average wage Bank of Thailand beverage items coefficients Consumer Price Index Core Consumer Core Price Index dependent var S.D. dependent var Sum disaggregate level economic effects employed estimated F-statistics flexible price food and beverage GCPI(-l GM and GO Granger causality test implies increase independent variable Mean dependent minimum AIC monetary base growth monetary policy shock monetary variable money supply money supply growth movement of growth negative monetary policy non-food and beverage null hypothesis optimal lag length percent Pfood Phousing positive and negative PPI and COPI Precreation price adjustment behavior price changes price equation Price Index CPI price level price stickiness Producer Price Index Ptrans R-squared Adjusted R-squared regression Durbin-Watson stat S.D. dependent S.E. of regression Seemingly Unrelated Regression stickiness and asymmetry stickiness in price sticky price Sum squared resid Thammasat University unanticipated