Bryan, Michael F.; Cecchetti, Stephen G.; O'Sullivan, Roisin - 2021
recent years. Virtually all of this (and earlier) work on incorporating asset prices into an aggregate price statistic has …. This statistical algorithm allows us to see through the excessively 'noisy' asset price data that have frustrated earlier … prices in the aggregate price statistic has introduced a downward bias in the U.S. Consumer Price Index on the order of …