Caraballo, María Ángeles; Usabiaga, Carlos - Centro de Estudios Andaluces, Government of Andalusia - 2003
In this paper we analyze the incidence of the distribution of price changes on the inflation rate of Spanish regions (1994-2001). Especially, we pay attention to the role of variability and skewness. The methodology applied is based on the menu cost models developed by Ball and Mankiw. In...