Análisis de la estructura de la inflación de las regiones españolas: La metodología de Ball y Mankiw

M. Angeles Caraballo and Carlos Usabiaga

No E2003/44, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: In this paper we analyze the incidence of the distribution of price changes on the inflation rate of Spanish regions (1994-2001). Especially, we pay attention to the role of variability and skewness. The methodology applied is based on the menu cost models developed by Ball and Mankiw. In general, we conclude that the behaviour of the regions is very homogeneous with respect to the "structure" of inflation. The significance of variability and skewness also shows the vulnerability of inflation to relative price shocks.

Keywords: inflation; distribution of price changes; variability; skewness; kurtosis (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2003
New Economics Papers: this item is included in nep-geo
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:cea:doctra:e2003_44

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