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) |
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Pages (from-to) | 513-519 |
Number of pages | 7 |
Journal | Applied Economics |
Volume | 30 |
Issue number | 4 |
DOIs | |
State | Published - Apr 1998 |
Externally published | Yes |
ASJC Scopus subject areas
- Economics and Econometrics