Ashley, Richard; Ye, Haichun - In: Applied Economics 44 (2012) 32, pp. 4221-4238
The Granger-causal relationship between the size and dispersion of fluctuations in sub-components of the US Consumer Price Index (CPI) is examined using both in-sample and out-of-sample tests and data from January 1968 to December 2008. Strong in-sample evidence is found for feedback between...
