are often used for monetary policy. Until now, the use of trimmed-mean price statistics in forecasting inflation has often … the inflation forecasting improvements are perhaps not surprising given the current literature on core inflation …

The origins of the Great Inflation, a central 20th century U.S. macroeconomic event, remain contested. Prominent … explanations are poor forecasts or deficient activity gap estimates. An alternative view: the FOMC was unwilling to fight inflation …) responses in the 1970s were essentially the same pre- and post-Volcker. Conversely, FOMC behavior vis-à-vis inflation …

trend inflation; the NSA median CPI outperforms the median CPI, but both SA and NSA variants of the median and the trimmed …-mean CPI easily dominate the so-called 'core' CPI. We introduce superior ex post measures of trend inflation. We demonstrate … direction for simple and robust trend inflation indicators …

We estimate an empirical model of inflation that exploits a Phillips curve relationship between a measure of … unemployment and a subaggregate measure of inflation (services). We generate an aggregate inflation forecast from forecasts of the … statistics for models that exploit relationships between services inflation and the unemployment rate. In addition, models of …

pay their rent. Ostensibly, a small increase in nonpayment incidence could sharply reduce shelter inflation. Will …

might be useful in the forecasting of aggregate inflation. Trimmed-mean inflation estimators have been shown to be useful … devices for forecasting headline PCE inflation. But does this stem from their ability to signal the underlying trend, or does … question by augmenting a “hard to beat” benchmark inflation forecasting model of headline PCE price inflation with robust …

We develop a flexible modeling framework to produce density nowcasts for US inflation at a trading-day frequency. Our …

The dollar's depreciation during the early floating rate period, 1973-1981, was a symptom of the Great Inflation. In …