Inter-country differences in the relationship between relative-price variability and average prices

Mick Silver, Christos Ioannidis

Research output: Contribution to journalArticlepeer-review

Abstract

This paper provides new evidence on the relationship between relative price variability and inflation. The model uses a consistently defined data set for nine European countries. It benefits from the inclusion and testing of the effects of macroeconomic variables and the incorporation into the measures of inflation and dispersion adjustments for timeliness, appropriate formulas, and proximity. The general findings of an effect on relative price variability by the macroeconomic environment and negative coefficients on unexpected inflation are supported by their occurrence in models estimated by seemingly unrelated regression and a robust systems estimator.
Original languageEnglish
Pages (from-to)355-374
Number of pages20
JournalEuropean Journal of Political Economy
Volume109
Issue number2
DOIs
Publication statusPublished - Apr 2001

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