Rather, Sartaj Rasool; Durai, S. Raja Sethu; … - In: Applied Economics Letters 21 (2014) 2, pp. 80-83
The U-shaped relationship between inflation and price dispersion around nonzero inflation rate is due to the use of … models. However, the true underlying relationship between inflation and inflation-induced RPV is found to be U-shaped around … zero inflation and inflation seems to have asymmetric impact on price dispersion as predicted by menu cost models. …