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Previously, linear trends were revealed in the differences between the headline CPI and the price indices for various … subcategories of the CPI in the United States. These trends can be continuous, as observed with the price index for medical care, or … piecewise with turning points between trends with opposite signs. Similar features are found for the PPI and its components. The …
Persistent link: https://www.econbiz.de/10005052188
Previously, linear trends were revealed in the differences between the headline CPI and the price indices for various … subcategories of the CPI in the United States. These trends can be continuous, as observed with the price index for medical care, or … piecewise with turning points between trends with opposite signs. Similar features are found for the PPI and its components. The …
Persistent link: https://www.econbiz.de/10010711325
periods characterized by sustainable linear trends in the difference between the headline consumer price index (CPI) and the … core CPI in the USA. Then we revealed similar behavior in the differences between the CPI and indices of various consumer … level of volatility in the studied CPI differences. In April 2009, we introduced a simple quantitative model representing …
Persistent link: https://www.econbiz.de/10011185388
In the United States, there exist robust linear trends in the differences between headline (or core) CPI and price … by an elevated volatility. The difference between the core CPI and the price index for motor fuel can be also accurately … units or 50%. The price for motor fuel in the US will also grow by 50% by the end of 2009. Oil price is expected to rise by …
Persistent link: https://www.econbiz.de/10005105697
This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed from internet search queries performed on the search engine Google. The forecasting performance of the Google Inflation Search Index (GISI) is assessed relative to 37 other...
Persistent link: https://www.econbiz.de/10009647210
For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the Michigan Survey. While these measures have been useful in developing models of forecasting inflation, the data are low frequency...
Persistent link: https://www.econbiz.de/10009647457
Persistent link: https://www.econbiz.de/10011988711
–2012. We examine China’s consumer price index (CPI), import price index (IPI) and producer price index (PPI) by using time …
Persistent link: https://www.econbiz.de/10011598073
the relative price trend of the CPI and the PPI, which is observed in the actual data. Then, we show that the Ramsey …-optimal inflation rate of the CPI is positive while that of the PPI is negative. In addition, the efficient allocation cannot be …
Persistent link: https://www.econbiz.de/10010907509
data from the components of the Consumer Price Index (CPI). The period used for the estimation is characterize by a process …
Persistent link: https://www.econbiz.de/10011114384