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Conventional wisdom suggests that producer prices are more rigid than consumer prices and therefore play less of a role … for the producer price index, we find that producer prices for finished goods and services in fact exhibit roughly the … same rigidity as consumer prices that include sales and substantially less rigidity than consumer prices that exclude them …
Persistent link: https://www.econbiz.de/10008636157
Border prices of traded goods are highly sensitive to exchange rates; however, the consumer price index (CPI) and the … retail prices of goods that make up the CPI are more stable. This paper decomposes the sources of this price stability for … distribution margins and imported inputs in transmitting exchange rate fluctuations into consumption prices. We provide rich cross …
Persistent link: https://www.econbiz.de/10005420510
traded-goods prices exhibit significant inertia in the face of shocks such as exchange rate changes. This paper uses a … wholesale prices for UPC (Universal Product Code)-level products. Markup adjustments by manufacturers and the retailer explain …
Persistent link: https://www.econbiz.de/10005420523
Remarks at the Barclays 16th Annual Global Inflation-Linked Conference, New York City.
Persistent link: https://www.econbiz.de/10010725025
Remarks at the Center for the New Economy 2010 Economic Conference, San Juan, Puerto Rico.
Persistent link: https://www.econbiz.de/10010725042
Providing for shelter represents a large portion of the typical household budget. Accordingly, rent, paid either to a landlord or to oneself as an owner-occupant, has a large weight in the CPI and in the personal consumption expenditures deflator, resulting in substantial scrutiny of how tenant...
Persistent link: https://www.econbiz.de/10008636200
Major U.S. economic data, most notably GDP and Industrial Production, are undergoing major changes. Proposals have been made for significant alterations in the CPI. The revision process has helped to spur debate on such topics as the proper method of accounting for high technology's role in the...
Persistent link: https://www.econbiz.de/10005717223
This paper provides a review of the concept of core inflation and evaluates the performance of several proposed measures. We first consider the rationale of a central bank in setting its inflation goal in terms of a selected rate of consumer price growth and the use of a core inflation measure...
Persistent link: https://www.econbiz.de/10005526279
This paper analyzes the pass-through from import prices to consumer price index (CPI) inflation in real time. Our … levels of information breadth. Finally, our empirical findings cast doubt on a prominent role for sticky prices in the low …
Persistent link: https://www.econbiz.de/10005420601
This paper quantifies the effects of drug monopolies and low per-capita income on pharmaceutical prices in developing …
Persistent link: https://www.econbiz.de/10009421387