) changes and short-run inflation (π) for the Philippines between 1994 and 2019. The authors follow the approach of Ball and … implications for inflation. The presence of higher-order moments leads to asymmetric price adjustments in response to shocks … inflation in the Philippines, particularly in the food and oil sectors, and are likely to become more prevalent in the face of …

changes provide information on the adjustments and persistence of aggregate price conditions in the Philippines. It takes into … 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 …

frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative …This paper investigates the dynamic interactions of the cross-section distribution of sectoral price changes and the … price skewness, and output growth can be successfully detected by the MFVAR. The cross-section distribution of sectoral …