NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Guy Debelle

Financial Markets Group
Reserve Bank of Australia
GPO Box 3947
Sydney NSW 2001
AUSTRALIA
Tel: 01161295518200
Fax: 01161295518034

E-Mail: debelleg@rba.gov.au

NBER Working Papers and Publications

June 1996Relative Price Variability and Inflation: Evidence from US Cities
with Owen Lamont: w5627
We test whether the time-series positive correlation of inflation and intermarket relative price variability is also present in a cross-section of US cities. We find this correlation to be a robust empirical regularity: cities which have higher than average inflation also have higher than average relative price dispersion, ceteris paribus. This result holds for different periods of time, different classes of goods, and across different time horizons. Our results suggest that at least part of the relationship between inflation and relative price variability cannot be explained by monetary factors.

Published: Journal of Political Economy Feb.1997, Vol. 105, No. 1, pp. 132-152 citation courtesy of

 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us