Relative Price Variability and Inflation: Evidence from U.S. Cities

Guy Debelle () and Owen Lamont

Journal of Political Economy, 1997, vol. 105, issue 1, 132-52

Abstract: The authors test whether the time-series positive correlation of inflation and intermarket relative price variability is also present in a cross section of U.S. cities. They find this correlation to be a robust empirical regularity: cities that have higher than average inflation also have higher than average relative price dispersion, ceteris paribus. This result holds for different periods of time, for different classes of goods, and across different time horizons. The authors' results suggest that at least part of the relationship between inflation and relative price variability cannot be explained by monetary factors. Copyright 1997 by the University of Chicago.

Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (89)

Downloads: (external link)
http://dx.doi.org/10.1086/262068 full text (application/pdf)
Access to the online full text or PDF requires a subscription.

Related works:
Working Paper: Relative Price Variability and Inflation: Evidence from US Cities (1996)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:jpolec:v:105:y:1997:i:1:p:132-52

Access Statistics for this article

More articles in Journal of Political Economy from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().