scholarly journals Relative Price Dispersion: Evidence and Theory

2016 ◽  
Author(s):  
Greg Kaplan ◽  
Guido Menzio ◽  
Leena Rudanko ◽  
Nicholas Trachter
Keyword(s):  
Price Dispersion ◽  
Relative Price

scholarly journals Effect of inflation uncertainty on price dispersion in Iran

2018 ◽  
Vol 8 (1) ◽  
pp. 24-35
Author(s):  
Bijan Safavi ◽  
Bardia Nakhjavan ◽  
Seyedabdollah Mirnezami ◽  
Mahsan Alizadeh
Keyword(s):  
Variable Coefficient ◽  
Price Dispersion ◽  
Relative Price ◽  
Relative Dispersion ◽  
Inflation Uncertainty ◽  
Monthly Data ◽  
Relationship Analysis ◽  
Symmetric Effect ◽  
Statistical Viewpoint ◽  
Unexpected Inflation

This paper studies the inflation relationship analysis and inflation uncertainty with relative price’ dispersion in Iran by using the ordinary minimum squares method, during monthly data 1991:4-2012:12. In this paper, we used the GARCH technique in order to modeling and measuring the inflation uncertainty variable. The results show that inflation uncertainty increasing leads to increased relative price dispersion. Also unexpected inflation regardless of being positive or negative increases the relative price dispersion considerably, but the unexpected inflation decomposition to two positive and negative components and lack of considering them in the equation showed that each component is in a high significant level and cannot be considered for symmetric effect of positive or negative unexpected inflation. Corporations change their price against the positive unexpected inflation alternatively in responding to the inflation shocks and consequently the price will be fluctuated for reaching the balance strictly, therefore positive unexpected inflation cases have been increasing in relative price dispersion. In the other hand, corporations have no tendency for changing the goods’ price against the negative unexpected inflation. Also according to the results, inflation variable coefficient is significant from the statistical viewpoint and this means that this variable increases the relative dispersion considerably.

Relative Price Dispersion and Inflation: Evidence for the UK and the US

2017 ◽  
Vol 50 (1) ◽  
pp. 3-24 ◽  
Author(s):  
Gulnihal Aksoy, ◽  
Don Bredin, ◽  
Deirdre Corcoran, ◽  
Stilianos Fountas
Keyword(s):  
Price Dispersion ◽  
Relative Price ◽  
The Us ◽  
The Uk

Optimal Monetary Policy with Relative Price Distortions

2005 ◽  
Vol 95 (1) ◽  
pp. 89-109 ◽  
Author(s):  
Tack Yun
Keyword(s):  
Monetary Policy ◽  
Price Dispersion ◽  
Relative Price ◽  
Price Setting ◽  
Optimal Monetary Policy ◽  
Equilibrium Conditions ◽  
Price Distortion ◽  
Inflation Targets ◽  
Price Distortions ◽  
Initial Price

This paper analyzes optimal monetary policy in a sticky price model with Calvo-type staggered price-setting. In the paper, the optimal monetary policy maximizes the expected utility of a representative household without having to rely on a set of linearly approximated equilibrium conditions, given the distortions associated with the staggered price-setting. It shows that the complete stabilization of the price level is optimal in the absence of initial price dispersion, while optimal inflation targets respond to changes in the level of relative price distortion in the presence of initial price dispersion.

Relative price dispersion and unemployment

1991 ◽  
Vol 13 (1) ◽  
pp. 69-81
Author(s):  
John A. Carlson ◽  
David W. Findlay
Keyword(s):  
Price Dispersion ◽  
Relative Price

scholarly journals Relative Price Dispersion: Evidence and Theory

2016 ◽  
Author(s):  
Greg Kaplan ◽  
Guido Menzio ◽  
Leena Rudanko ◽  
Nicholas Trachter
Keyword(s):  
Price Dispersion ◽  
Relative Price
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