TY - JOUR
T1 - The influence of inflation on differential price changes across European markets
AU - Ioannidis, Christos
AU - Silver, Mick
PY - 2001/3
Y1 - 2001/3
N2 - This paper provides the results of an empirical study of the dispersion of consumer price inflation for each of 19 product groups across 11 European countries using monthly data covering the 1980s. The study relates the degree of inflation dispersion in a market to the mean inflation rate. Thus, we show how differential price changes across European markets are influenced by inflation. A model of asymmetric response of relative inflation variability to inflation is tested. Hypotheses are also tested regarding broad categories of traded, nontraded, and regulated products, and results are provided for individual product groups.
AB - This paper provides the results of an empirical study of the dispersion of consumer price inflation for each of 19 product groups across 11 European countries using monthly data covering the 1980s. The study relates the degree of inflation dispersion in a market to the mean inflation rate. Thus, we show how differential price changes across European markets are influenced by inflation. A model of asymmetric response of relative inflation variability to inflation is tested. Hypotheses are also tested regarding broad categories of traded, nontraded, and regulated products, and results are provided for individual product groups.
UR - https://link.springer.com/article/10.1007/BF02299930
U2 - 10.1007/BF02299930
DO - 10.1007/BF02299930
M3 - Article
SN - 0197-4254
VL - 29
SP - 31
EP - 47
JO - Atlantic Economic Journal
JF - Atlantic Economic Journal
IS - 1
ER -