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The Relationship Between Macroeconomic Variables and Relative Price Variability in Greek Agriculture

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  • Ioanna Reziti

Abstract

The purpose of this paper is to present a measure of relative price variability (RPV) among 53 agricultural products and to explore the relationships between RPV, aggregate inflation rate, and changes in economic activity for the period 1962–1997. We also estimate the effects of expected and unexpected components of inflation on price variability. The results show that changes in inflation rate and economic activity have a strong positive effect on RPV, in addition, expected inflation is found to be an important determinant for explaining price variability. Copyright International Atlantic Economic Society 2005

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File URL: http://hdl.handle.net/10.1007/s11294-004-7494-9
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Bibliographic Info

Article provided by Springer in its journal International Advances in Economic Research.

Volume (Year): 11 (2005)
Issue (Month): 1 (March)
Pages: 111-119

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Handle: RePEc:kap:iaecre:v:11:y:2005:i:1:p:111-119

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Web page: http://www.springerlink.com/link.asp?id=112112

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Keywords: E31; Q11;

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