Assessment of effects of relative price variability on inflation

Ghauri, Saghir Pervaiz; Ahmed, Rizwan Raheem; Arby, Muhammad Farooq; Martinkutė-Kaulienė, Raimonda

Use this URL to cite this publication: https://hdl.handle.net/20.500.14911/150685

Assessment of effects of relative price variability on inflation

Details

Publication Type (CRIS)

Straipsnis Web of Science ir Scopus duomenų bazėje / Article in Web of Science and Scopus database (S1)

Publication Type (eLABa)

Straipsnis Web of Science DB / Web of Science DB article (S1)

VILNIUS TECH Research Priorities and Topics

Aukštos pridėtinės vertės ekonomika / High Value-Added Economy (EV02)

Lithuanian Intelligent Specialization

Įtrauki ir kūrybinga visuomenė / Inclusive and creative society (L103)

Author(s)

Author	Affiliation
Ghauri, Saghir Pervaiz	DHA Suffa University
Ahmed, Rizwan Raheem	Indus University
Arby, Muhammad Farooq	State Bank of Pakistan
Martinkutė-Kaulienė, Raimonda	Finansų inžinerijos katedra / Department of Financial Engineering (1148)

Title

Assessment of effects of relative price variability on inflation

[en]

Saghir Pervaiz Ghauri, Rizwan Raheem Ahmed, Muhammad Farooq Arby, Raimonda Martinkutė-Kaulienė

Is part of

Transformations in business & economics

Published In

Year	Volume	Issue	Start Page	End Page
2020	19	1	306	322

Publisher

Vilnius : Vilniaus universitetas

Publisher (trusted)

Vilniaus universitetas

Referenced in Database(s)(DBs)

Social Sciences Citation Index (Web of Science)

SCOPUS

Social SciSearch

EconLit with Full Text

IBSS

Extent

p. 306-322

URI

URI	Access Rights
https://hdl.handle.net/20.500.14911/150685
http://www.transformations.knf.vu.lt/49/article/asse	Žurnalo puslapis / Journal Website

Cited references

Science / Art Area

Socialiniai mokslai / Social sciences (S)

Field of Science / Art

Ekonomika / Economics (S004)

Keywords (en)

Abstract (en)

The aspiration of the undertaken article is to explore the effect of relative price variability (RPV) on the inflation rate by estimating the model of fixed effects regression by employing the panel data of prices of 35 cities of Pakistan. We have followed the Ball - Mankiw (1995) approach, which has considered the dissemination of changes in relative price as the supply shocks and reflects on a theory of inflation on the supply side. Our results show that the inflation rate, both food, and non-food inflation, is significantly and positively affected by relative price variability. The results imply that supply-side factors, as exhibited in the dispersion of relative price changes, are robust determinants of the inflation rate.