James MacGee


Price-Level Dispersion versus Inflation-Rate Dispersion: Evidence from Three Countries

Staff Working Paper 2017-3 David Fielding, Christopher Hajzler, James MacGee
Inflation can affect both the dispersion of commodity-specific price levels across locations (relative price variability, RPV) and the dispersion of inflation rates (relative inflation variability, RIV). Some menu-cost models and models of consumer search suggest that the RIV-inflation relationship could differ from the RPV-inflation relationship.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Inflation and prices JEL Code(s): E, E3, E31, E5, E50

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