Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/17904 
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dc.contributor.authorDöpke, Jörgen
dc.contributor.authorPierdzioch, Christianen
dc.date.accessioned2009-01-28T15:00:16Z-
dc.date.available2009-01-28T15:00:16Z-
dc.date.issued2001-
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
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1059en
dc.subject.jelE31en
dc.subject.ddc330en
dc.subject.keywordinflationen
dc.subject.keywordrelative pricesen
dc.subject.keyworddistribution of relative prices changesen
dc.subject.stwInflationsrateen
dc.subject.stwRelativer Preisen
dc.subject.stwInflationen
dc.subject.stwStatistische Verteilungen
dc.subject.stwSchätzungen
dc.subject.stwPhillips-Kurveen
dc.subject.stwKonjunkturen
dc.subject.stwGesamtwirtschaftliches Angeboten
dc.subject.stwSchocken
dc.subject.stwDeutschlanden
dc.titleInflation and the Skewness of the Distribution of Relative Price Changes: Empirical Evidence for Germany-
dc.typeWorking Paperen
dc.identifier.ppn859857468en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1059en
dc.identifier.printppn332497216en

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