Is there any asymmetry in the effect of inflation on relative price variability?

C-Tier
Journal: Economics Letters
Year: 2010
Volume: 108
Issue: 2
Pages: 233-236

Authors (2)

Score contribution per author:

0.505 = (α=2.02 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

It is widely perceived that relative prices are more dispersed in periods of price decreases than in periods of price increases. We show that the asymmetry results from misspecifying the true, U-shaped, underlying model with a piecewise linear regression model.

Technical Details

RePEc Handle
repec:eee:ecolet:v:108:y:2010:i:2:p:233-236
Journal Field
General
Author Count
2
Added to Database
2026-01-25