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Does inflation vary between cities?

Abstract:

Apart from occasional anecdotal observation, there has been little systematic study of the patterns of local inflation. The strongest theoretical argument is that local price inflation should be no different from national inflation. Alternatively, it has been suggested that spatial price equilibrium is implausible and that spatial price interdependence is more likely. Quarterly data for some sixteen large US urban areas over the period 1950 - 1980 are analyzed via stochastic time-series model...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1068/a160513

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Institution:
University of Oxford
Research group:
Transformations: Economy, Society and Place
Oxford college:
St Peter's College
Department:
Social Sciences Division - Environment,Centre for the - Geography,School of
Role:
Author
Publisher:
Pion Ltd. Publisher's website
Journal:
Environment and Planning A Journal website
Volume:
16
Issue:
4
Pages:
513-527
Publication date:
1984-01-01
DOI:
EISSN:
1472-3409
ISSN:
0308-518X
URN:
uuid:7c3c612c-07ff-45c7-9644-13838122c039
Local pid:
ora:1967
Language:
English
Keywords:
Subjects:

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