frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative … price skewness, and output growth can be successfully detected by the MFVAR. The cross-section distribution of sectoral …

We empirically identify the effect of inflation on relative price distortions, using a novel identification approach … associated with distortions in relative prices. At the level of individual products, the marginal effect of inflation on relative … price distortions is highly statistically significant and aligns well with theoretical predictions. Cross-sectional price …

price data underlying the consumer price index are used to estimate relative price trends over the product life cycle …. Minimising the welfare consequences of relative price distortions in the presence of these trends requires targeting a … models ignoring relative price trends, or of targeting 4%, turn out to be substantial. …

price data underlying the consumer price index are used to estimate relative price trends over the product life cycle …. Minimising the welfare consequences of relative price distortions in the presence of these trends requires targeting a … models ignoring relative price trends, or of targeting 4%, turn out to be substantial. …

relative price ratio (merchant discount rate ÷ cardholder membership fee rate) paid by merchants and cardholders, provided that …