Inflation-Induced Price Lags and Their Redistributive Effect
JOURNAL ARTICLE
Cite JOURNAL ARTICLE
Style
Format
Inflation-Induced Price Lags and Their Redistributive Effect
Reinhardt, Paul G. | Abner, Brian D.
Credit and Capital Markets – Kredit und Kapital, Vol. 14 (1981), Iss. 2 : pp. 153–158
Additional Information
Article Details
Reinhardt, Paul G.
Abner, Brian D.
References
-
(1) Allen, R. G. D.: Macro-Economic Theory, MacMillan, New York, 1967.
Google Scholar -
(2) Allen, R. G. D.: Mathematical Analysis for Economists, MacMillan, New York, 1964.
Google Scholar -
(3) Borgman, L. E.: Statistical Time Series, University of California, Berkeley, 1967.
Google Scholar -
(4) Cargill, T. F.: “An Empirical Investigation of the Wage-Lag Hypothesis”, American Economic Review, Vol.LIX, No. 5(December 1969), 805 - 816.
Google Scholar -
(5) Cochran, W. G.: Sampling Technique, Wiley and Sons, New York, 1966.
Google Scholar -
(6) Evans, G. C.: Mathematical Introduction to Economics, McGraw-Hill, New York, 1930.
Google Scholar -
(7) Kendall, M. G.: The Advanced Theory of Statistics, Vol.3, Hafner Publishing Co., New York, 1966.
Google Scholar -
(8) Lancaster, K. J.: “A New Approach to Consumer Theory”, Journal of Political Economy, Vol. LXXIV (April 1966), pp. 132 - 157.
Google Scholar -
(9) Reinhardt, P. G.: “Price Adjustment During Inflation in Non-Competitive Markets”, International Economic Review, Vol. 15, (June 1974), pp. 431 - 439. (10) Reinhardt, P.G.: “On the Dynamics of Rising Food Prices in Canada”, unpublished paper presented at the Canadian Economic Association meeting, Toronto, June 1974.
Google Scholar -
(11) Reinhardt, P. G.: “Relative Price Movements Within the Food Component of the Canadian Consumer Price Index”, Canadian Journal of Agricultural Economics, Vol. 24, No.2, July 1976.
Google Scholar -
(12) Reinhardt, P. G.: “A Disequilibrium Analysis of Price Adjustment Behaviour”, Zeitschrift für die gesamte Staatswissenschaft, Vol. 135, Nr. 1, 1979, pp. 69-80.
Google Scholar -
(13) Statistics Canada: Livestock and Animal Products Statistics, 23 - 203, 1975 to 1971.
Google Scholar -
(14) Statistics Canada: Prices and Price Indexes, Cat. # 62 - 002.
Google Scholar -
(15) Statistics Canada: Family Food Expenditure in Canada, Vol.II, 1969, Cat. # 62-532, Occasional Paper.
Google Scholar -
(16) Wiles, P.: “Cost Inflation and the State of Economic Theory”, Economic Journal, Vol. 83, (June 1973), pp. 377 to 398.
Google Scholar
Abstract
Inflation-Induced Price Lags and Their Redistributive Effect
The present investigation suggests that redistributive effects of imperfectly synchronized price adjustments may be be recognized by analyzing the periodic properties of relative price movements. The study sets out the requirements for price adjustments to be distributionally neutral. Deviations from such a neutral pattern are then interpreted as indicating redistributive gains or losses. On the basis of this approach, the results of some earlier investigations are reinterpreted as demonstrating that some sectors typically gained on others during inflation.