Further evidence on the variability of inflation and relative price variability

Authors
Chang, EC Cheng, JW
Citation
Ec. Chang et Jw. Cheng, Further evidence on the variability of inflation and relative price variability, ECON LETT, 66(1), 2000, pp. 71-77
Citations number
18
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
66
Issue
1
Year of publication
2000
Pages
71 - 77
Database
ISI
SICI code
0165-1765(200001)66:1<71:FEOTVO>2.0.ZU;2-2
Abstract
Using a sample of monthly observations of both a 12-category group and a 20 3-category group of personal consumption expenditures, we furnish evidence that relative price variability is positively related to both the inflation rate and inflation variability. The relation is robust to oil-price shocks . (C) 2000 Elsevier Science S.A. All rights reserved.