Pou, Mª Ángeles Caraballo; Dabús, Carlos - Centro de Estudios Andaluces, Government of Andalusia - 2005
skewness of price changes distribution. We test this prediction in different inflationary contexts: Spain (1975-2002) and … Argentina (1960-1989). We find a positive inflation-skewness relationship in both countries at low inflation, even though the … of each economy. In the higher inflation periods skewness is not significant. Finally, our results suggest that the menu …