This article studies U.S. monthly inflation, inflation growth, and price level dynamics from January 1967 to September 2005. Two rolling samples are constructed to recover evidence about instability in inflation, inflation growth, and price level persistence and volatility. Evidence is presented that changes in inflation, inflation growth, and price level persistence and volatility coincide wit...

Abstract T he relationship between public sector deficits and inflation is one of the important and controversial issues in the academic literature as well as in economic policy field. On the other hand, a major objective of macroeconomic policies is to foster economic growth and to keep inflation on a low level. So keeping the price stability plays an important role in de...

This paper investigates the forecasting accuracy of the trimmed mean inflation rate of the Personal Consumption Expenditure (PCE) deflator. Earlier works have examined the forecasting ability of limited-influence estimators (trimmed means and the weighted median) of the Consumer Price Index but none have compared the weighted median and trimmed mean of the PCE. Also addressed is the systematic ...

abstract t he relationship between public sector deficits and inflation is one of the important and controversial issues in the academic literature as well as in economic policy field. on the other hand, a major objective of macroeconomic policies is to foster economic growth and to keep inflation on a low level. so keeping the price stability plays an important role in determining the growth r...

This paper investigates core inflation defined as the best predictor of inflation. I compare forecasts obtained using the mean, weighted median, trimmed mean, and less food and energy inflation rates for the consumer price index and the personal consumption expenditure deflator for the current U.S. monetary policy regime. Another issue addressed is that of the systematic bias that exists due to...

Over the past 40 years economists have devoted considerable effort to estimating long-run trends in real commodity prices. The results indicate that the real prices for many commodities have fallen, suggesting to the surprise of many that resource scarcity is declining over time. Almost all of this work, however, uses the U.S. producer price index or other standard price deflators, which recent...

OBJECTIVE To provide guidance on selecting the most appropriate price index for adjusting health expenditures or costs for inflation. DATA SOURCES Major price index series produced by federal statistical agencies. STUDY DESIGN We compare the key characteristics of each index and develop suggestions on specific indexes to use in many common situations and general guidance in others. DATA C...

A. WHAT IS INFLATION Inflation is one of the most frequently used terms in economic discussions, yet the concept is variously misconstrued. There are various schools of thought on inflation, but there is a consensus among economists that inflation is a continuous rise in the prices. Simply put, inflation depicts an economic situation where there is a general rise in the prices of goods and serv...

This paper focuses on the influence of inflation economic growth to determine extent which fight against can contribute a country or regional zone such as CEMAC. We identify effects CEMAC and use multiple linear regression model test relationship between two quantities: growth. mainly used Stata 13 software obtain results sample panel data, including six member states, namely Congo, Cameroon, G...

Inflation is usually defined as a sustained rate of increase in a broadly based index of prices. Whatever meaning one gives to the imprecise term sustained, the past fifteen years seem to meet the standard. Both the all—item consumer price index and the implicit GNP deflator have increased in every quarter since late 1965, and neither seems likely to reach a zero rate of change in the near futu...