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Federal Reserve Bank of Richmond: 'The Relationship Between Inflation and the Distribution of Relative Price Changes'
January 18, 2025
RICHMOND, Virginia, Jan. 18 (TNSres) -- The Federal Reserve Bank of Richmond issued the following white paper (No. 24-15) in December 2024 by Andreas Hornstein, Francisco Ruge-Murcia and Alexander L. Wolman entitled "The Relationship Between Inflation and the Distribution of Relative Price Changes."

Here are excerpts:

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Monthly U.S. inflation from 1995 through 2019 is well explained by statistics summarizing the monthly distribution of relativ . . .

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