Further evidence on the variability of inflation and relative price variability
نویسندگان
چکیده
Using a sample of monthly observations of both a 12-category group and a 203-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. 2000 Elsevier Science S.A. All rights reserved.
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