Robustness of the relationship between price variability and inflation for US manufacturing

Elizabeth M. Caucutt, Mrinal Ghosh, Christina M.L. Kelton

Research output: Contribution to journalArticle

1 Scopus citations

Abstract

We study the relationship between relative price variability and inflation in two different ways. We first look at product-class census unit values for five time periods between 1958 and 1982, and find evidence of a positive relationship between variability and inflation. Then we directly update the Vining and Elwertowski (1976) study for the period 1974-91, using individual commodity series from the Bureau of Labor Statistics. We conclude by discussing differences across industries in price stickiness.

Original languageEnglish (US)
Pages (from-to)513-519
Number of pages7
JournalApplied Economics
Volume30
Issue number4
DOIs
StatePublished - Apr 1998
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

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