Interest in commodity prices as indicators of consumerprice inflation has ebbed and flowed withthe rise and fall in … predictivepower has returned. Inflation hawks point to an outpouringof studies in the late 1980s showing a strong empiricalconnection … between commodity prices and subsequentconsumer inflation. Indeed, the concern over commoditieshas grown to the point where …

The productivity of (human) information processing as an economicactivity is a question raising some interest. Using …

are clearly present and explain around 24% of inflation differentials vis-à-vis the euro area (about 1.2 percentage points … total domestic inflation... …

Several authors have documented a reduced variability ofoutput and inflation in the United States since the beginningof … standarddeviation of quarterly output growth has fallen 30 percent,while the standard deviation of inflation has decreased morethan 40 … percent. These changes in the time series properties ofoutput and inflation raise a number of important questions …