There is a large empirical literature on the effect of aggregate inflation on both price-level dispersion (relative … price variability, RPV) and inflation rate dispersion (relative inflation variability, RIV) across goods or locations. Early … value of inflation shocks, RPV is a negative monotonic function of inflation shocks. We show that consumer search theory …

Most studies find that relative price variability (RPV) is a U-shaped or V-shaped function of anticipated inflation …, and a V-shaped function of unanticipated inflation. One exception is Reinsdorf (1994), who finds that RPV in the United … States during the 1980s recession was monotonically decreasing in unanticipated inflation. We suggest a reason for this …

factors that drive inflation volatility. Among the significant determinants of volatility are average inflation rates …

There is now a large empirical literature on the effect of the aggregate inflation rate on (i) the dispersion of prices … across goods or locations (relative price variability, or RPV) and (ii) the dispersion of inflation rates across goods or … locations (relative inflation variability, or RIV). In the early part of this literature, empirical modelling is explicitly …

for four African economies, using quarterly data. Finds that money demand depends not only on income, inflation and … interest rates, but also on variability of inflation and interest rates: the more variable the return to an asset, the lower …. Since high inflation tends to be associated with highly variable inflation, any calculation of the seignorage …