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Examining contributions to core consumer inflation measures
Bauer, Andrew; Haltom, Nicholas; Peterman, William - 2004
The purpose of this paper is to examine the composition of inflation over time. The authors calculate the contributions … to inflation for individual series of the consumer price index (CPI) and personal consumption expenditures price index … of information concerning aggregate inflation behavior in a concise way, enabling the authors to describe the composition …
Persistent link: https://www.econbiz.de/10010397664
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Leading Indicators of Real Activity and Inflation for Turkey, 2001-2010
Altug, Sumru; Uluceviz, Erhan - 2011
This paper develops a set of leading indicators of industrial production growth and consumer price inflation for the … inflation. Our findings provide evidence on the factors determining real activity and inflation in a period of disinflation and …
Persistent link: https://www.econbiz.de/10010500195
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Towards an Applicable True Cost-of-Living Index that Incorporates Housing
Klevmarken, N. Anders - 2004
A dynamic model of consumer behavior that incorporates the demand for housing is specified such that it is consistent with the general purpose of a consumer price index. From this model a true cost-of-living index that includes housing is derived. Being an ideal index it cannot be computed...
Persistent link: https://www.econbiz.de/10010321529
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Why Do Consumer Prices React less than Import Prices to Exchange Rates?
Bacchetta, Philippe; van Wincoop, Eric - 2002
It is well-known that the extent of pass-through of exchange rate changes to consumer prices is much lower than to import prices. One explanation is local distribution costs. Here we consider an alternative, complementary, explanation based on the optimal pricing strategies of firms. We consider...
Persistent link: https://www.econbiz.de/10011430033
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Domestic Market Integration
Virmani, Arvind; Mittal, Surabhi - 2006
The paper looks into the level of integration of commodity markets in India, across centres and states using consumer price data. It measures the extent to which domestic markets for goods in India are integrated, and recommends policy options to facilitate integration. The paper addresses...
Persistent link: https://www.econbiz.de/10011807590
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Money illusion under test
Boes, Stefan; Lipp, Markus; Winkelmann, Rainer - 2005
Much progress has been made in recent years in developing and applying a direct measure of utility using survey questions on satisfaction with income and with life in general. In this paper we apply this new type of measurement to the study of money illusion. Using data from the German...
Persistent link: https://www.econbiz.de/10010315573
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A new consumer price index that incorporates housing
Klevmarken, Anders; Grünewald, Olle; Allansson, Henrik - 2009
A long lasting controversy in Sweden as well as internationally is how to best estimate a price on the services of owner occupied housing in a consumer price index. There is no international consensus and different approaches have been adopted. In this paper we use a true cost-of-living index...
Persistent link: https://www.econbiz.de/10010321367
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Rational expectations and inflation targeting: An analysis for ten countries
Fromlet, Pia - 2010
In this paper I evaluate inflation targeting for ten countries. The evaluation is based on unconditional as well as … conditional measures of the variance of inflation around target. With strict inflation targeting, expectations of the future … Price Index (CPI) when calculating the inflation rate, I find that the null hypothesis can be rejected for six of ten …
Persistent link: https://www.econbiz.de/10010321410
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Inflation and monetary regimes
Dwyer, Gerald P.; Fisher, Mark - 2009
Correlations of inflation with the growth rate of money increase when data are averaged over longer time periods …. Correlations of inflation with the growth of money also are higher when high-inflation as well as low-inflation countries are … included in the analysis. We show that serial correlation in the underlying inflation rate ties these two observations together …
Persistent link: https://www.econbiz.de/10010292328
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The conquest of South American inflation
Sargent, Thomas; Williams, Noah; Zha, Tao - 2006
financed by money creation and to destabilizing expectations dynamics that can occasionally divorce inflation from fundamentals …. Our maximum likelihood estimates allow us to interpret observed inflation rates in terms of variations in the deficits … that cut inflation without reforming deficits. Our estimates also allow us to infer the deficit adjustments that seem to …
Persistent link: https://www.econbiz.de/10010292362