This paper proposes the use of wavelet methods to estimate U.S. core inflation. It explains wavelet methods and … for their performance in following trend inflation and predicting future inflation. Results suggest that wavelet … are a promising avenue for future research on core inflation …

quantity theory of money, which would otherwise remain hidden in the data. -- Quantity theory of money ; inflation ; frequency …Over the last two centuries, the cross-spectral coherence between either narrow or broad money growth and inflation at … other countries, thus implying that the fraction of inflation's long-run variation explained by long-run money growth has …

We provide a new way to filter US inflation into trend and cycle components, based on extracting long-run forecasts …, then estimating parameters, and then extracting the stochastic trend in inflation. The trend-cycle model with unobserved … components is consistent with numerous studies of US inflation history and is of interest partly because the trend may be viewed …