TY - JOUR
T1 - Robustness of the relationship between price variability and inflation for US manufacturing
AU - Caucutt, Elizabeth M.
AU - Ghosh, Mrinal
AU - Kelton, Christina M.L.
PY - 1998/4
Y1 - 1998/4
N2 - We study the relationship between relative price variability and inflation in two different ways. We first look at product-class census unit values for five time periods between 1958 and 1982, and find evidence of a positive relationship between variability and inflation. Then we directly update the Vining and Elwertowski (1976) study for the period 1974-91, using individual commodity series from the Bureau of Labor Statistics. We conclude by discussing differences across industries in price stickiness.
AB - We study the relationship between relative price variability and inflation in two different ways. We first look at product-class census unit values for five time periods between 1958 and 1982, and find evidence of a positive relationship between variability and inflation. Then we directly update the Vining and Elwertowski (1976) study for the period 1974-91, using individual commodity series from the Bureau of Labor Statistics. We conclude by discussing differences across industries in price stickiness.
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U2 - 10.1080/000368498325778
DO - 10.1080/000368498325778
M3 - Article
AN - SCOPUS:0031834306
SN - 0003-6846
VL - 30
SP - 513
EP - 519
JO - Applied Economics
JF - Applied Economics
IS - 4
ER -