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 … establish that one of the most accepted stylized facts in the literature on aggregate price behavior, that inflation and 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 … establish that one of the most accepted stylized facts in the literature on aggregate price behavior, that inflation and the …

previous research has indicated. That is, seasonal price movements have become more prominent in the relatively stable … inflation environment that has prevailed since 1982. One main conclusion is drawn from this analysis: The amount of seasonality … in prices differs greatly by item, making it difficult to generalize about seasonal price movements. A casual reading …

previous research has indicated. That is, seasonal price movements have become more prominent in the relatively stable … inflation environment that has prevailed since 1982. One main conclusion is drawn from this analysis: The amount of seasonality … in prices differs greatly by item, making it difficult to generalize about seasonal price movements. A casual reading …