There have been important methodological changes in the Consumer Price Index (CPI) over time. These distort comparisons … of inflation from different periods, which have become more prevalent as inflation has risen to 40-year highs. To better … contextualize the current run-up in inflation, this paper constructs new historical series for CPI headline and core inflation that …

Much of the US inflation forecasting literature deals with examining the ability of macroeconomic indicators to predict … the mean of future inflation, and the overwhelming evidence suggests that the macroeconomic indicators provide little or … no predictability. In this paper, we expand the scope of inflation predictability and explore whether macroeconomic …

-homothetic case, these indexes are superior both to Fisher s ideal index and to the consumer surplus approximation. …

-homothetic case, these indexes are superior both to Fisher's 'ideal' index and to the consumer surplus approximation. …