Inflation and Relative Price Variability: Short-Run vs. Long-Run
نویسنده
چکیده
This paper uses recent developments in measuring correlation to examine the relationship between inflation and relative price variability. The results suggest that the positive correlation holds not only in the short-run but also in the long-run. This finding has important implications for theoretical models that purport to explain this relationship: such models must incorporate features that generate positive relationships that hold even in the long-run.
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تاریخ انتشار 2004