By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this … study evaluates the quantitative importance of idiosyncratic pricing shocks in short-run aggregate price change dynamics …. Robustly to alternative definitions of the relative price, identification schemes dictated by two-sided (S,s) pricing theory …

By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this … study evaluates the quantitative importance of idiosyncratic pricing shocks in short-run aggregate price change dynamics …. Robustly to alternative definitions of the relative price, identification schemes dictated by two-sided (S,s) pricing theory …

This study empirically addresses claims about the effects of strikes on output growth, inflation, and non … any case, this was not contested. Our findings, however, contradict the claims that strikes ensue inflation and …-agriculture employment but has no effect on inflation. The inflation finding suggests that strikes do not cause a wage-price spiral because …

aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …

The objective of this research paper is to examine the relationship between relative price variability and inflation by … demonstrated that there is a probable relationship between inflation (DPt) and both un-weighted measures of price variability (VPt …

inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random cross … both the inflation and deflation periods, and the parameter on the second moment changes sign in the deflation period, as … the theory predicts. Keywords: inflation, deflation, menu costs, Hong Kong, Japan. …

inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random … during both the inflation and deflation periods, and the parameter on the second moment changes sign in the deflation period …

frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative … pricing frictions are important factors behind the short-run nonneutrality of nominal shocks. We highlight the primacy of the …

aggregate supply on the behavior of the Peruvian inflation during the period 1997:1-2009:2. We use the methodology based on … obtain the historical decomposition of the annual inflation. Unlike Salas (2009), this paper uses a simpler model of … aggregate demand and aggregate supply, and a larger sample. The results show that the behavior of inflation was largely …

rate movements start to influence the price inflation in China in a significant way. This paper estimates a structural …