The Relationship Between Macroeconomic Variables and Relative Price Variability in Greek Agriculture

Ioanna Reziti

International Advances in Economic Research, 2005, vol. 11, issue 1, 119 pages

Abstract: The purpose of this paper is to present a measure of relative price variability (RPV) among 53 agricultural products and to explore the relationships between RPV, aggregate inflation rate, and changes in economic activity for the period 1962–1997. We also estimate the effects of expected and unexpected components of inflation on price variability. The results show that changes in inflation rate and economic activity have a strong positive effect on RPV, in addition, expected inflation is found to be an important determinant for explaining price variability. Copyright International Atlantic Economic Society 2005

Keywords: E31; Q11 (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1007/s11294-004-7494-9

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