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dc.contributor.authorDöpke, Jörgen_US
dc.contributor.authorPierdzioch, Christianen_US
dc.coverage.temporal1969-2000en_US
dc.date.accessioned2009-01-28T15:00:16Z-
dc.date.available2009-01-28T15:00:16Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/17904-
dc.description.abstractThe present paper uses German annual data covering the period 1969-2000 to present evidence on the link between aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm predictions of contributions to the theoretical literature suggesting that skewness of this distribution is an important explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve. Moreover, a structural vector autoregression reveals that the skewness measure helps to explain the variations of real output and might, therefore, serve as a measure of supply side shocks hitting the economy.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKieler Arbeitspapiere 1059en_US
dc.subject.jelE31en_US
dc.subject.ddc330en_US
dc.subject.keywordinflationen_US
dc.subject.keywordrelative pricesen_US
dc.subject.keyworddistribution of relative prices changesen_US
dc.subject.stwInflationsrateen_US
dc.subject.stwRelativer Preisen_US
dc.subject.stwInflationen_US
dc.subject.stwStatistische Verteilungen_US
dc.subject.stwSchätzungen_US
dc.subject.stwPhillips-Kurveen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwGesamtwirtschaftliches Angeboten_US
dc.subject.stwSchocken_US
dc.subject.stwDeutschlanden_US
dc.titleInflation and the Skewness of the Distribution of Relative Price Changes: Empirical Evidence for Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn332497216en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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