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Determinants of Relative Price Variability during a Recession: Evidence from Canada at the Time of the Great Depression
Most studies find that relative price variability (RPV) is a U-shaped or V-shaped function of anticipated inflation, and a V-shaped function of unanticipated inflation. One exception is Reinsdorf (1994), who finds that RPV ...
Comment on Relative Price Variability and Inflation in Reinganum’s Consumer Search Model
There is now a large empirical literature on the effect of the aggregate inflation rate on (i) the dispersion of prices across goods or locations (relative price variability, or RPV) and (ii) the dispersion of inflation ...