Inflation and Intramarket Price Variability: Empirical Evidence from U.S. Food Products

영문 제목
Inflation and Intramarket Price Variability: Empirical Evidence from U.S. Food Products
저자
출판년도
2010-10
초록
The objective of this paper is to examine the response of relative price variability on U.S. food markets to food price inflation to identify whether such inflation influences the structure of relative prices between different food products. Results show that changes in food price inflation rate have a strong positive effect on the structure of relative prices across food products. In addition, the expected rate of inflation is found to be more important than the unexpected components as a determinant of relative price variability.
The objective of this paper is to examine the response of relative price variability on U.S. food markets to food price inflation to identify whether such inflation influences the structure of relative prices between different food products. Results show that changes in food price inflation rate have a strong positive effect on the structure of relative prices across food products. In addition, the expected rate of inflation is found to be more important than the unexpected components as a determinant of relative price variability.
목차
1. Introduction2. The theoretical consideration on relative price variability3. Measurement of relative price variability and data4. Empirical methods and results5. Concluding remarks
1. Introduction2. The theoretical consideration on relative price variability3. Measurement of relative price variability and data4. Empirical methods and results5. Concluding remarks
서지인용
page. 85 - 103
주제어
food products; inflation; intermarket price variability; intramarket price variability; food products; inflation; intermarket price variability; intramarket price variability
발간물 유형
KREI 논문
URI
http://repository.krei.re.kr/handle/2018.oak/19433
Appears in Collections:
학술지 논문 > 농촌경제 / JRD
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