Nonlinear impact of inflation on relative price variability

Author: Mustafa Caglayan, Alpay Filiztekin, Mustafa Çağlayan
Publisher: Elsevier BV

ABOUT BOOK

Using a half-a-century long disaggregated price data for 22 food products collected from 19 cities, we show that the association between inflation and price variability is nonlinear with respect to changes in inflation rate. We obtain similar results for expected and unexpected inflation

Powered by: