Análisis de la estructura de la inflación de las regiones españolas: La metodología de Ball y Mankiw
AbstractIn this paper we analyze the incidence of the distribution of price changes on the inflation rate of Spanish regions (1994-2001). Especially, we pay attention to the role of variability and skewness. The methodology applied is based on the menu cost models developed by Ball and Mankiw. In general, we conclude that the behaviour of the regions is very homogeneous with respect to the "structure" of inflation. The significance of variability and skewness also shows the vulnerability of inflation to relative price shocks.
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Bibliographic InfoPaper provided by Centro de Estudios Andaluces in its series Economic Working Papers at Centro de Estudios Andaluces with number E2003/44.
Length: 32 pages
Date of creation: 2003
Date of revision:
inflation; distribution of price changes; variability; skewness; kurtosis;
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
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