Underlying Inflation and the Distribution of Price Change: Evidence from the Japanese Trimmed-Mean CPI [PDF]
In this paper, we analyze the use of the trimmed-mean Consumer Price Index (trimmed CPI) as a measure of underlying inflation. We focus on empirical evidence that the cross-sectional price change distribution often but temporarily skews extremely to each
Higo, Masahiro, Mio, Hitoshi
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Product churn, tastes, and price indices
Abstract Price indices commonly used to measure inflation do not account for the entry and exit of products nor for systemic changes in consumer preferences over time. Recent developments in the theory of price indices show that these issues have significant impacts on the growth of prices that consumers experience.
Hao Lan +3 more
wiley +1 more source
A Monetary Perspective on the Relationship between Commodity and Consumer Prices [PDF]
This article argues that long run monetary determination of both commodity and consumer prices may help explain US CPI and commodity price index data since the early 2000s.
Browne, Frank, Cronin, David
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The plutocratic gap in the CPI : evidence from Spain [PDF]
The plutocratic gap is defined as the difference between the inflation measured according to the current official consumer price index (CPI) and a democratic index in which all households receive the same weight.
Izquierdo, Mario +2 more
core +2 more sources
Mitigating policy uncertainty: What financial markets reveal about firm‐level lobbying
Abstract Elections can lead to substantial policy changes and, thus, are a significant source of risk. Firms can respond to such policy uncertainty by lobbying, but it is hard to quantify whether they do so and, if so, how much lobbying benefits them. We construct a new dataset and leverage investors’ expectations of variability in stock returns in the
Kristy Buzard +2 more
wiley +1 more source
"Targeting Inflation, The Effects of Monetary Policy on the CPI and Its Housing Component" [PDF]
The targets for monetary policy adopted by the Fed in recent years have not proven to be closely correlated with inflation, leading some theorists and policymakers to advocate the use of a price index, such as the consumer price index (CPI), as both the ...
Dimitri B. Papadimitriou +1 more
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Heterogeneous Effect of Cost‐Of‐Living Crisis: Evidence From South Korea
ABSTRACT The global economy faced a severe cost‐of‐living crisis due to the War in Ukraine and COVID‐19‐related supply chain damages. However, the official Consumer Price Index, which represents the average changes, has limitations in drawing a fuller picture of actual heterogeneity for policymakers.
Taiwon Ha
wiley +1 more source
How to measure inflation in India? [PDF]
What is the best inflation measure in India? What inflation measure is most relevant for monetary policy making in India? Questions of timeliness, weights in the price index, accuracy of food price measurement, and inclusion of services prices are ...
Patnaik, Ila +2 more
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Global Apparel Value Chain in the Post‐MFA Era: Exploring Bangladesh's Competitive Edge
ABSTRACT This study revisits Bangladesh's competitive edge by examining patterns of global apparel trade during the post‐Multi‐Fibre Arrangement (MFA) era using a large bilateral panel of 27 leading apparel exporters trading with 163 destinations with coverage of 90% of the world apparel exports.
Abul Bashar Mohammed Fakhruzzaman
wiley +1 more source
How wide are European borders? : On the integration effects of monetary unions [PDF]
We use consumer price data for 81 European cities (in Germany, Austria, Finland, Italy, Spain, Portugal and Switzerland) to study the impact of the introduction of the euro on goods market integration. Employing both aggregated and disaggregated consumer
Beck, Guenter, Weber, Axel A.
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