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The new dim Bulb
Lawrance G. Lux —
Here is an important graph, backed by commentary which must be considered ‘middle-of-the-road’ Standard consideration. I think maybe there might be some difference from the Standard View, mainly asking myself what happens as Energy inflation returns, and Banks go back to loaning the Funds which the Fed always wished they would Lend. I believe that the 4th Quarter will be a real Bounce, as Home heating and Christmas Gifts reach for the Sky. The Fed should be prepared to sell many Treasuries very rapidly. Larry Kudlow did not help by stating that Inflation could not ...
CPI: The left and the right of it
macroblog —
... Greg Mankiw, however, points out that a trimmed mean estimate of the consumer price index (CPI), which removes the large relative price changes in each month, makes the deflation story seem a bit, uh, exaggerated. ...
One Third of the Prices within the CPI Fell Last Month
Economist's View —
... Greg Mankiw,
however, points out that a trimmed mean estimate of the consumer price index
(CPI), which removes the large relative price changes in each month, makes the
deflation story seem a bit, uh, exaggerated. ...
Cleveland Fed's Median CPI Inflation vs. BLS
CARPE DIEM —
... Greg Mankiw has an interesting post on the difference between standard CPI inflation reported by the BLS and an alternative measure of inflation calculated by the Cleveland Federal Reserve based on the median CPI. Professor Mankiw points out that: ...
Median and Core CPI Inflation Show Price Stability
CARPE DIEM —
... to Measuring Current Monetary Inflation," which concluded that: Differences between changes in the CPI and the median consumer price change underscore the impact of the distribution of price movements on our monthly interpretation of inflation. The median price change is a potentially useful indicator of current monetary inflation because it minimizes, in a nonsubjective way, the influence of these transitory relative price movements. As Greg Mankiw reported on his blog several months ago: ...
Median And Core CPI Inflation Show Price Stability In The U.S.
Daily Markets —
... : An Alternative Approach to Measuring Current Monetary Inflation,” which concluded that: Differences between changes in the CPI and the median consumer price change underscore the impact of the distribution of price movements on our monthly interpretation of inflation. The median price change is a potentially useful indicator of current monetary inflation because it minimizes, in a nonsubjective way, the influence of these transitory relative price movements. As Greg Mankiw reported on his blog several months ago: The average of any data set can be thrown off by a few ...
