) the pass-through from the aggregate price to product-specific prices and, (ii) the effects of aggregate inflation on … the other hand, we find an average positive impact of inflation on relative price variability. Nonetheless, the latter … result crucially depends on prices that were not liberalized: following the liberalization episode, inflation positively …

In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation …. Using a new database for 21 countries, the effect of relative price variability on inflation is estimated within a framework … controlling for nominal and real shocks. Money and wage growth were the most important determinants of inflation; relative price …