This note demonstrates that the conventional test for unbiasedness of forecasts or expectations of estimating Y = "alpha"(subscript "1") + "beta"(subscript "1")F + u where Y is the outcome and F is the forecast, and testing whether "alpha"(subscript "1" = 0 and "beta"(subscript "1") = 1 is a...

This paper examines the impact of temporal aggregation on alternative definitions of inflation persistence. Using the CPI and the core PCE deflator of the US, our results show that temporal aggregation from the monthly to the quarterly to the annual frequency induces persistence in the inflation...

This paper examines the impact of temporal aggregation on alternative definitions of inflation persistence. Using the CPI and the core PCE deflator of the US, our results show that temporal aggregation from the monthly to the quarterly to the annual frequency induces persistence in the inflation...