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This paper analyzes the short-run trade effects of retaliatory tariffs against agriculture and food exports from the United States. The results indicate that these tariffs caused a substantial decline in U.S. agriculture and food exports and induced a reorientation of international trade...
Persistent link: https://www.econbiz.de/10013298226
Using annual IMS data from 1990 to 1996, we examine empirically whether whether elderly-nonelderly price inflation … point in the distribution chain, there are no differences in price inflation for the aggregate of drugs destined for use by …), antidepressants (ADs) and calcium channel blockers (CCBs). For ABs, since 1992 elderly price inflation is somewhat greater than for …
Persistent link: https://www.econbiz.de/10013226920
We test whether the time-series positive correlation of inflation and intermarket relative price variability is also … higher than average inflation also have higher than average relative price dispersion, ceteris paribus. This result holds for … part of the relationship between inflation and relative price variability cannot be explained by monetary factors …
Persistent link: https://www.econbiz.de/10013227505
. We critically examine popular stories such as 'gold is an inflation hedge'. We show that gold may be an effective hedge … if the investment horizon is measured in centuries. Over practical investment horizons, gold is an unreliable inflation …
Persistent link: https://www.econbiz.de/10013088402
on correlations between inflation and its moments goesback over thirty years, and was first used to reject the … independence of relative price changes and inflation that is assumed in neo- classical models. More recently, New Keynesian … macroeconomists have shown that the strong positive correlation between inflation and the skewness of the price change distribution is …
Persistent link: https://www.econbiz.de/10013230373
Twenty five years after the publication of the second edition, this paper describes and evaluates the Contributions to monetary and macroeconomics made in Don Patinkin's Money, Interest, and Prices (MIP). Its first accomplishment was to settle definitively many issues, such as the valid and...
Persistent link: https://www.econbiz.de/10013230788
This paper studies the welfare effects of the relative price variability arising from inflation. When agents interact … informational role: a potential customer uses current prices as signals of future prices. Inflation reduces the informativeness of … at moderate inflation rates …
Persistent link: https://www.econbiz.de/10013214577
-price changes, and an index of equiproportional changes in all inflation rates, that we label quot;purequot; inflation. The paper … price changes to fundamental economic shocks. We use the estimates of the pure inflation and aggregate relative …-price components to answer two questions. First, what share of the variability of inflation is associated with each component, and how …
Persistent link: https://www.econbiz.de/10012759679
We explore the rise and fall of pellagra, a disease caused by inadequate niacin consumption, in the American South, focusing on the first half of the twentieth century. We first consider the hypothesis that the South's monoculture in cotton undermined nutrition by displacing local food...
Persistent link: https://www.econbiz.de/10012948921
Using novel data describing the healthfulness of household food purchases and the retail landscapes consumers face, we measure the role of access in explaining why wealthier and more educated households purchase healthier foods. We find that spatial differences in access, though significant, are...
Persistent link: https://www.econbiz.de/10013023349