This paper investigates the use of trimmed means as high-frequency estimators of" inflation. The known characteristics of price change distributions, specifically the observation" that they generally exhibit high levels of kurtosis, imply that simple averages of price data are" unlikely to...

In this Commentary, we document that people report very different perceptions and predictions of inflation depending upon their income, education, age, race, and gender — a strange finding that may provide an important clue to understanding how to interpret survey data of inflation expectations.

A review of the November 3, 1994 meeting of the Fourth District Economists' Roundtable, at which participants offered their economic predictions for the coming year and discussed the interactions between seasonal cycles and business cycles.

A summary of the June 12, 1992 meeting of the Fourth District Economists' Roundtable, at which 22 panelists concurred that steady and moderate growth in the economy can be expected through late 1993; includes discussions on business fixed investment, monetary growth, and business cycle theory.

That men and women occasionally see things differently is not a remarkable observation. But that the sexes could report vastly different perspectives on the rate at which prices are rising over a long period of time is astonishing. This Commentary describes the difference in inflation sentiment...

A review of the developments that have led to chronic excess capacity in the U.S. motor vehicle industry, and a consideration of the prospects facing this industry in the decade ahead.

A summary of the 1994 forecasts for real output and inflation presented by 15 members of the Fourth District Economists' Roundtable at their January 1994 meeting, highlighting the measurement of service sector prices and the role of small businesses in creating jobs.

An analysis of the impact of the baby-boom generation's inrush into the work force on consumer spending, debt, and foreign investment, finding evidence that age demographics are a strong determinant of aggregate household consumption.

An examination of how inflation reduces economic welfare by causing people to work harder.

A discussion of the price and quantity effects on the U.S. consumer of the Japanese auto industry's voluntary export restraint program.