Working Paper
Core import price inflation in the United States
Abstract: The cross-section distribution of U.S. import prices exhibits some of the fat-tailed characteristics that are well documented for the cross-section distribution of U.S. consumer prices. This suggests that limited-influence estimators of core import price inflation might outperform headline or traditional measures of core import price inflation. We examine whether limited influence estimators of core import price inflation help forecast overall import price inflation. They do not. However, limited influence estimators of core import price inflation do seem to have some predictive power for headline consumer price inflation in the medium term.
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https://www.dallasfed.org/-/media/documents/research/international/wpapers/2012/0131.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Part of Series: Globalization Institute Working Papers
Publication Date: 2012
Number: 131
Note: Published as: Koech, Janet and Mark A. Wynne (2013), "Core Import Price Inflation in the United States," Open Economies Review 24 (4): 717-730.