Intercountry Differences in the Relationship Between Relative Price Variability and Average Prices PDF Download
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Author: Mick Silver
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper provides new evidence on the relationship between relative price variability and inflation. The model uses a consistently defined data set for nine European countries. It benefits from the inclusion and testing of the effects of macroeconomic variables and the incorporation into the measures of inflation and dispersion adjustments for timeliness, appropriate formulas, and proximity. The general findings of an effect on relative price variability by the macroeconomic environment and negative coefficients on unexpected inflation are supported by their occurrence in models estimated by seemingly unrelated regression and generalized least squares as well as a robust systems estimator.
Author: Mick Silver
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper provides new evidence on the relationship between relative price variability and inflation. The model uses a consistently defined data set for nine European countries. It benefits from the inclusion and testing of the effects of macroeconomic variables and the incorporation into the measures of inflation and dispersion adjustments for timeliness, appropriate formulas, and proximity. The general findings of an effect on relative price variability by the macroeconomic environment and negative coefficients on unexpected inflation are supported by their occurrence in models estimated by seemingly unrelated regression and generalized least squares as well as a robust systems estimator.
Author: Bela Csikos-Nagy
Publisher: Springer
ISBN: 1349062650
Category : Business & Economics
Languages : en
Pages : 559
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Book Description
Author: Mr.Tamim Bayoumi
Publisher: International Monetary Fund
ISBN: 1451848633
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
Structural vector autoregressions are used to analyze the relationship between real output and relative prices within the EU and the United States, Relative price variability appears to be more important for adjustment within the EU than the United States, reflecting the lower integration of goods and factor markets. In the absence of higher market integration, the lower relative price variability implied by the introduction of a single currency in the EU could well cause significant economic disruption.
Author: Carlos Fernandez Valdovinos
Publisher: International Monetary Fund
ISBN: 1455221031
Category : Business & Economics
Languages : en
Pages : 46
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Book Description
Using a consistent dataset and methodology for all eight member countries of the West African Economic and Monetary Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation: inflation uncertainty and relative price variability. In line with theory and most evidence for advanced and emerging market economies, higher inflation increases inflation uncertainty and relative price variability in all WAEMU countries. However, the pattern, magnitude and timing of these two channels vary considerably by country. The findings raise several policy issues for future research.
Author: Ms.Paula De Masi
Publisher: International Monetary Fund
ISBN: 1451847467
Category : Business & Economics
Languages : en
Pages : 48
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Book Description
Following price and exchange rate liberalization, domestic consumer prices in Russia moved closer to market levels. This paper quantifies the magnitude of the associated relative price changes. It also shows that relative price variability has been positively correlated with inflation. It is further established that convergence toward international relative and absolute price levels is far from complete, and that geographical price dispersion within Russia has declined since early 1992 but remains fairly high.
Author: Helena Marques
Publisher: LIT Verlag Münster
ISBN: 3825815455
Category : Globalization
Languages : en
Pages : 270
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Book Description
Problems of integration and globalisation and the implications of such processes on individual countries have been on the spotlight of the economic debate among economists and politicians over the last decade. Both developed and developing countries are involved in the processes of trade and capital liberalisation, with the extent of gain or loss depending on their ability to explore the newly arising opportunities and to adapt their economies to the new international environment. This volume analyses some of these challenges brought by the movements towards a higher regional integration and higher international interdependency.
Author: Guy Debelle
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We 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. We 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. Our results suggest that at least part of the relationship between inflation and relative price variability cannot be explained by monetary factors.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264085416
Category :
Languages : en
Pages : 705
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Book Description
A joint production by six international organizations, this manual explores the conceptual and theoretical issues that national statistical offices should consider in the daily compilation of export and import price indices. Intended for use by both ...
Author: Compiled by the British Library of Political and Economic Science
Publisher: Psychology Press
ISBN: 9780415284011
Category : Economics
Languages : en
Pages : 708
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Book Description
IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781589063044
Category : Business & Economics
Languages : en
Pages : 698
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Book Description
The producer price index (PPI) measures the rate at which the prices of producer goods and services are changing overtime. It is a key statistic for economic and business decision making and inflation monitoring. The Producer Price Index Manual: Theory and Practice provides clear, up-to-date guidance on the concepts, uses, methods, and economic theory of the PPI, including information on classifications, sources, compilation techniques, and analytical uses of the PPI. The Manual supersedes the previous international guidance on PPIs (available in the Manual on Producers’ Price Indices for Industrial Goods, published by the United Nations Statistics Division in 1979). The Manual's conceptual framework derives from the System of National Accounts1993 and recent developments in index number theory. Preparation of the Manual was undertaken by the Intersecretariat Working Group on Price Statistics through a technical expert group chaired by the IMF and involving representatives from the ILO, the OECD, the UN Economic Commission for Europe, the World Bank, national statistical offices, and academic institutions.
