Caglayan, Mustafa; Filiztekin, Alpay - Regional and International Economic Development Group, … - 2001
In this paper we investigate the link between inflation and relative price variability, and the impact of structural … changes in the behavior of inflation using a half-a-century long disaggregated data. Employing panel data techniques to … control for aggregate shocks, we show that: 1) the effect of inflation is non-neutral: relative price variability has …