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...

An estimation of a price index that is immune to some of the weighting biases that can hinder the use of the Consumer Price Index as a reliable measure of inflation.

An introduction to the experimental Ohio Manufacturing Index and a brief examination of the recent patterns of manufacturing growth occurring in the state.

A reevaluation of the evidence of seasonality in prices, finding that seasonal price movements have become more prominent in the relatively stable inflation environment that has prevailed since 1982, and that the amount of seasonality differs greatly by item, making it difficult to generalize...

A look at whether we can have an economic recovery without reaccelerating inflation. The authors consider past behavior of prices, wages, capacity utilization, and productivity growth in their analysis.

This paper considers the evidence of “near-rationality†in household inflation expectations, as described by Akerlof, Dickens, and Perry (2000), hereafter ADP. According to ADP, the economic incentive to anticipate inflation varies from agent to agent, and as inflation falls, some...