Relative prices and inflation: New evidence from different inflationary contexts

Autores
Caraballo, M. Angeles; Dabús, Carlos Darío; Usabiaga, Carlos
Año de publicación
2006
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
This paper analyses the relationship between inflation and relative price variability, in the direction of the latter, in two countries with very different inflationary experiences: Argentina and Spain. To address this objective, using disaggregated price indexes (the Wholesale Price Index for Argentina and the Consumer Price Index for Spain), we delimitate different inflationary regimes and compute a set of regressions for each country. Our results suggest evidence in favour of the non-neutrality of inflation (mostly in hyperinflation periods) and do not support either the menu costs or the signal extraction approaches. We also detect significant structural changes in the relationship depending on the inflationary regime.
Fil: Caraballo, M. Angeles. Universidad de Sevilla; España
Fil: Dabús, Carlos Darío. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur. Universidad Nacional del Sur. Departamento de Economía. Instituto de Investigaciones Económicas y Sociales del Sur; Argentina
Fil: Usabiaga, Carlos. Universidad Pablo de Olavide; España
Materia
Inflation
Relative price variability
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-nd/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/130942
Acceder
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network_name_str CONICET Digital (CONICET)
spelling Relative prices and inflation: New evidence from different inflationary contextsCaraballo, M. AngelesDabús, Carlos DaríoUsabiaga, CarlosInflationRelative price variabilityhttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5This paper analyses the relationship between inflation and relative price variability, in the direction of the latter, in two countries with very different inflationary experiences: Argentina and Spain. To address this objective, using disaggregated price indexes (the Wholesale Price Index for Argentina and the Consumer Price Index for Spain), we delimitate different inflationary regimes and compute a set of regressions for each country. Our results suggest evidence in favour of the non-neutrality of inflation (mostly in hyperinflation periods) and do not support either the menu costs or the signal extraction approaches. We also detect significant structural changes in the relationship depending on the inflationary regime.Fil: Caraballo, M. Angeles. Universidad de Sevilla; EspañaFil: Dabús, Carlos Darío. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur. Universidad Nacional del Sur. Departamento de Economía. Instituto de Investigaciones Económicas y Sociales del Sur; ArgentinaFil: Usabiaga, Carlos. Universidad Pablo de Olavide; EspañaRoutledge Journals, Taylor & Francis Ltd2006-11-21info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/130942Caraballo, M. Angeles; Dabús, Carlos Darío; Usabiaga, Carlos; Relative prices and inflation: New evidence from different inflationary contexts; Routledge Journals, Taylor & Francis Ltd; Applied Economics; 38; 16; 21-11-2006; 1931-19440003-6846CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/https://www.tandfonline.com/doi/abs/10.1080/00036840500427171info:eu-repo/semantics/altIdentifier/doi/10.1080/00036840500427171info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-nd/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-03T09:47:00Zoai:ri.conicet.gov.ar:11336/130942instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-03 09:47:01.144CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Relative prices and inflation: New evidence from different inflationary contexts
title Relative prices and inflation: New evidence from different inflationary contexts
spellingShingle Relative prices and inflation: New evidence from different inflationary contexts
Caraballo, M. Angeles
Inflation
Relative price variability
title_short Relative prices and inflation: New evidence from different inflationary contexts
title_full Relative prices and inflation: New evidence from different inflationary contexts
title_fullStr Relative prices and inflation: New evidence from different inflationary contexts
title_full_unstemmed Relative prices and inflation: New evidence from different inflationary contexts
title_sort Relative prices and inflation: New evidence from different inflationary contexts
dc.creator.none.fl_str_mv Caraballo, M. Angeles
Dabús, Carlos Darío
Usabiaga, Carlos
author Caraballo, M. Angeles
author_facet Caraballo, M. Angeles
Dabús, Carlos Darío
Usabiaga, Carlos
author_role author
author2 Dabús, Carlos Darío
Usabiaga, Carlos
author2_role author
author
dc.subject.none.fl_str_mv Inflation
Relative price variability
topic Inflation
Relative price variability
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv This paper analyses the relationship between inflation and relative price variability, in the direction of the latter, in two countries with very different inflationary experiences: Argentina and Spain. To address this objective, using disaggregated price indexes (the Wholesale Price Index for Argentina and the Consumer Price Index for Spain), we delimitate different inflationary regimes and compute a set of regressions for each country. Our results suggest evidence in favour of the non-neutrality of inflation (mostly in hyperinflation periods) and do not support either the menu costs or the signal extraction approaches. We also detect significant structural changes in the relationship depending on the inflationary regime.
Fil: Caraballo, M. Angeles. Universidad de Sevilla; España
Fil: Dabús, Carlos Darío. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur. Universidad Nacional del Sur. Departamento de Economía. Instituto de Investigaciones Económicas y Sociales del Sur; Argentina
Fil: Usabiaga, Carlos. Universidad Pablo de Olavide; España
description This paper analyses the relationship between inflation and relative price variability, in the direction of the latter, in two countries with very different inflationary experiences: Argentina and Spain. To address this objective, using disaggregated price indexes (the Wholesale Price Index for Argentina and the Consumer Price Index for Spain), we delimitate different inflationary regimes and compute a set of regressions for each country. Our results suggest evidence in favour of the non-neutrality of inflation (mostly in hyperinflation periods) and do not support either the menu costs or the signal extraction approaches. We also detect significant structural changes in the relationship depending on the inflationary regime.
publishDate 2006
dc.date.none.fl_str_mv 2006-11-21
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/130942
Caraballo, M. Angeles; Dabús, Carlos Darío; Usabiaga, Carlos; Relative prices and inflation: New evidence from different inflationary contexts; Routledge Journals, Taylor & Francis Ltd; Applied Economics; 38; 16; 21-11-2006; 1931-1944
0003-6846
CONICET Digital
CONICET
url http://hdl.handle.net/11336/130942
identifier_str_mv Caraballo, M. Angeles; Dabús, Carlos Darío; Usabiaga, Carlos; Relative prices and inflation: New evidence from different inflationary contexts; Routledge Journals, Taylor & Francis Ltd; Applied Economics; 38; 16; 21-11-2006; 1931-1944
0003-6846
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/https://www.tandfonline.com/doi/abs/10.1080/00036840500427171
info:eu-repo/semantics/altIdentifier/doi/10.1080/00036840500427171
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-nd/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-nd/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
application/pdf
dc.publisher.none.fl_str_mv Routledge Journals, Taylor & Francis Ltd
publisher.none.fl_str_mv Routledge Journals, Taylor & Francis Ltd
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
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score 13.13397

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