Robustness of the relationship between price variability and inflation for US manufacturing

Elizabeth M. Caucutt; Mrinal Ghosh; Christina M.L. Kelton

doi:10.1080/000368498325778

Robustness of the relationship between price variability and inflation for US manufacturing

Elizabeth M. Caucutt, Mrinal Ghosh, Christina M.L. Kelton

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

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.

Original language	English (US)
Pages (from-to)	513-519
Number of pages	7
Journal	Applied Economics
Volume	30
Issue number	4
DOIs	https://doi.org/10.1080/000368498325778
State	Published - Apr 1998
Externally published	Yes

ASJC Scopus subject areas

Economics and Econometrics

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10.1080/000368498325778

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abstract = "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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Robustness of the relationship between price variability and inflation for US manufacturing

Abstract

ASJC Scopus subject areas

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