For the first time in the literature, this paper uses survey-based measures of inflation expectations to examine the relationship between inflation and relative price variability (RPV). Using quarterly consumer price index data for 74 consumption categories in Australia from 1989 to 2014, we...

Following their EU accession, the new member countries from Central and Eastern Europe (CEE) must achieve sustainable price stability as one of the pre-conditions for joining the Economic and Monetary Union (EMU) and adopting the euro. This paper examines the distribution dynamics of inflation...

This paper derives generalized impulse responses from the estimation of a vector autoregression (VAR) model using monthly data between 1995 and 2005 for Mexico, to examine the inflation-RPV relationship, and to investigate if remittances could account for the observed relationship. While the...

This paper uses recent developments in measuring correlation to examine the relationship between inflation and relative price variability (RPV). The results suggest that the positive correlation holds not only in the short run but also in the long run. This finding has important implications for...