implications for inflation. The presence of higher-order moments leads to asymmetric price adjustments in response to shocks … relative price changes and inflation in the short run. Importantly, they find that the tails matter. Full Publication: "https …The objective of Basilio and Cacnio's paper is to examine the link between the distribution of relative price (rp …

account the changes that occurred in relative price movements between the pre-inflation targeting (ie 1994–2001) and inflation … their distribution are positively related to movements in short-run inflation. Moreover, price adjustments are observed to …The paper uses disaggregated price data to determine whether the higher moments of the distribution of relative price …

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 positive relationship between inflation and RPV is a robust result …, remittances are found to have significant positive effects on both inflation and RPV. These results are interpreted as providing …