inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random … during both the inflation and deflation periods, and the parameter on the second moment changes sign in the deflation period …

aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …

The objective of this research paper is to examine the relationship between relative price variability and inflation by … demonstrated that there is a probable relationship between inflation (DPt) and both un-weighted measures of price variability (VPt …

frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative …