تلخیص
This study examines the causality and stability of the relationship between variability in inflation and dispersion in relative prices using monthly price data for twenty industrial groups. ARIMA models have been estimated and the adequacy of the filters has been checked with modified Q -statistic before applying the standard causality tests. Also Hannan and Quinn test has been stand to identify the lug length. Results indicate a strong but unstable relationship between the two variables. Granger causality is found to be generally bi-directional
Salim Chishti, M. Aynul Hasan. (1989) RELATIVE PRICES AND INFLATION VARIABILITY, Pakistan Journal of Applied Economics, Volume-08, Issue-1.
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