Inflation and Skewness of Relative Price Changes, Paperback - WRAPUP

Inflation and Skewness of Relative Price Changes is a comprehensive analysis of the relationship between inflation and the skewness of relative price changes. The book delves into the various factors that influence the skewness of relative price changes, such as market structure, input costs, and demand fluctuations.

The authors present empirical evidence to support their thesis that inflation has a significant impact on the skewness of relative price changes. They argue that periods of high inflation tend to be associated with greater skewness in price changes, as firms adjust their prices less frequently and pass on cost increases to consumers in a more concentrated manner.

Throughout the book, the authors provide insights into how policymakers can use the information on the skewness of relative price changes to better understand and manage inflation. They also offer practical recommendations for businesses on how to navigate the challenges posed by inflation-induced skewness in price changes.

Overall, Inflation and Skewness of Relative Price Changes is a valuable resource for economists, policymakers, and business professionals looking to deepen their understanding of the complexities of inflation and its effects on relative price changes. With its clear and concise writing style, this book is accessible to a wide range of readers interested in macroeconomic issues.