00000nam 2200000za 4500 9.832341 CaOODSP 20221107145946 cr ||||||||||| 170214s2017 oncd obs f000 0 eng d CaOODSP eng eng fre n-cn--- a-ja f-nr FB3-5/2017-3E-PDF Fielding, David, 1965- Price-level dispersion versus inflation-rate dispersion [electronic resource] : evidence from three countries / by David Fielding, Christopher Hajzler and James MacGee. [Ottawa] : Bank of Canada, 2017. ii, 42 p. : charts Bank of Canada staff working paper, 1701-9397 ; 2017-3 "February 2017." Includes bibliographical references (p. 26-29). "Inflation can affect both the dispersion of commodity-specific price levels across locations (relative price variability, RPV) and the dispersion of inflation rates (relative inflation variability, RIV). Some menu-cost models and models of consumer search suggest that the RIV-inflation relationship could differ from the RPV-inflation relationship. However, most empirical studies examine only RIV, finding that RIV is high when inflation is high. We examine city-level retail price data from Japan, Canada and Nigeria, and find that the impact of inflation on RIV differs from its effect on RPV. In particular, positive inflation shocks reduce RPV but raise RIV"--Abstract, p. ii. Includes abstract in French. gccst Inflation gccst Prices Hajzler, Christopher M. MacGee, James. Bank of Canada. Staff working paper (Bank of Canada) 1701-9397 ; 2017-3 (CaOODSP)9.806221 PDF 1.10 MB https://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-5-2017-3-eng.pdf