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Relative price dispersion and inflation: evidence from Taiwan's hyperinflation

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  • Jin-Tan Liu

Abstract

Evidence is presented that a positive association existed between inflation and relative prices for Taiwan during a period of hyperinflation (1946-1949). The empirical result is consistent with most of the findings in the literature. Intramarket price dispersion is positively related to the average market rate of price change, but the strength of this relationship differs across the market.

Suggested Citation

  • Jin-Tan Liu, 1995. "Relative price dispersion and inflation: evidence from Taiwan's hyperinflation," Applied Economics Letters, Taylor & Francis Journals, vol. 2(11), pages 457-459.
    • Handle: RePEc:taf:apeclt:v:2:y:1995:i:11:p:457-459
    DOI: 10.1080/135048595357050
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    References listed on IDEAS

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