Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Newsletter
Forecasting inflation with a lot of data
Fisher, Jonas D. M. (2000-03)
Chicago Fed Letter , Issue Mar

Journal Article
Rising relative prices or inflation: why knowing the difference matters
Humpage, Owen F. (2008-06)
Almost everyone uses the word inflation to refer to any increase in prices, but it ought to be reserved for a just one kind of price increase. True inflation has a different cause?and a different cure?than the price increases of goods and services caused by constantly changing supply and demand conditions. The Federal Reserve can and should act to control inflation, but when relative-price changes are putting pressure on businesses and consumers, the Fed can do little.
Economic Commentary , Issue Jun

Journal Article
The commodity-consumer price connection: fact or fable?
Harris, Ethan S.; Blomberg, S. Brock (1995-10)
The recent surge in commodity prices has rekindled interest in their power to predict consumer price inflation. But is this interest warranted? In examining the empirical relationship between commodity prices and consumer price inflation, this article finds that commodities' reputation as useful leading indicators of inflation is actually based more on fable than fact. Testing eight commonly used indexes, the authors conclude that although commodities had some predictive power in the past, the commodity-consumer price connection has broken down in the more recent period. They argue that this ...
Economic Policy Review , Volume 1 , Issue Oct , Pages 21-38

Journal Article
Consumer price inflation and housing prices
Gavin, William T. (1999-04)
National Economic Trends , Issue Apr

Journal Article
The FOMC in 1996: \\"watchful waiting\\"
Dueker, Michael J.; Fischer, Andreas M. (1997-07)
In light of recent research findings, Michael J. Dueker and Andreas M. Fischer review the 1996 policy posture of the Federal Open Market Committee (FOMC), the monetary policymaking body of the Federal Reserve System. They find several areas in which the FOMC's policy positions were consistent with the conclusions of recent research studies, whether or not these studies directly influenced the Committee's thinking. In general, the authors conclude that the FOMC intended to ensure that inflation was contained near 3 percent in 1996 but did not intend to bring down the trend rate of inflation ...
Review , Issue Jul , Pages 7-23

Working Paper
Trimmed-mean inflation statistics: just hit the one in the middle
Meyer, Brent; Venkatu, Guhan (2012)
This paper reinvestigates the performance of trimmed-mean inflation measures some 20 years since their inception, asking whether there is a particular trimmed mean measure that dominates the median CPI. Unlike previous research, we evaluate the performance of symmetric and asymmetric trimmed-means using a well-known equality of prediction test. We fi nd that there is a large swath of trimmed-means that have statistically indistinguishable performance. Also, while the swath of statistically similar trims changes slightly over different sample periods, it always includes the median CPI?an ...
Working Papers (Old Series) , Paper 1217

Discussion Paper
The global slack hypothesis
Wynne, Mark A.; Martinez-Garcia, Enrique (2010-09)
We illustrate the analytical content of the global slack hypothesis in the context of a variant of the widely used New Open-Economy Macro model of Clarida, Gal, and Gertler (2002) under the assumptions of both producer currency pricing and local currency pricing. The model predicts that the Phillips curve for domestic CPI inflation will be flatter under most plausible parameterizations, the more important international trade is to the domestic economy. The model also predicts that foreign output gaps will matter for inflation dynamics, along with the domestic output gap. We also show that the ...
Staff Papers , Issue Sep

Journal Article
Quality change in the CPI - commentary
Krusell, Per (1997-05)
Review , Issue May , Pages 107-111

Journal Article
Has the behavior of inflation and long-term inflation expectations changed?
Nakata, Taisuke; Clark, Todd E. (2008-01)
From 1975 to 1980, inflation in core (nonfood and nonenergy) consumer prices rose sharply as crude oil prices more than tripled. Yet, as crude oil prices quadrupled from late 2001 to 2007, core consumer price inflation remained essentially flat. Some observers have attributed the stability of consumer price inflation in the more recent episode to the influence of long-term inflation expectations. While inflation expectations rose significantly in the second half of the 1970s, they remained largely unchanged from 2001 through 2007. The increased stability of inflation and long-term ...
Economic Review , Volume 93 , Issue Q I , Pages 17-50

Newsletter
What are the implications of rising commodity prices for inflation and monetary policy?
Fisher, Jonas D. M.; Evans, Charles L. (2011-05)
The recent run-ups in oil and other commodity prices and their implications for inflation and monetary policy have grabbed the attention of many commentators in the media. Clearly, higher prices of food and energy end up in the broadest measures of consumer price inflation, such as the Consumer Price Index. Since the mid-1980s, however, sharp increases and decreases in commodity prices have had little, if any, impact on core inflation, the measure that excludes food and energy prices.
Chicago Fed Letter , Issue May

show more (1)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Keywords