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- W2169593266 abstract "Using a half-a-century long disaggregated data, we investigate the link between inflation and relative price variability, and the impact of structural changes in the behavior of inflation. We also investigate the underlying reasons driving the link between inflation and price variability. Using panel data techniques to control for aggregate shocks, we show that: 1) the effect of inflation is non-neutral: relative price variability has increased in inflationary as well as deflationary periods, 2) the effect of inflation is lower in magnitude during the high inflationary period as Danziger (1987) suggests, 3) we find strong support for menu cost models, but none for signal extraction models." @default.
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- W2169593266 date "2001-01-01" @default.
- W2169593266 modified "2023-09-27" @default.
- W2169593266 title "Relative Price Variability and Inflation: New evidence from Turkey *" @default.
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