Federal Reserve Bank of Cleveland
Commodity prices and P-star
An illustration of how the P-star indicator of future inflation can be modified to include information about the recent behavior of commodity prices. This approach yields more accurate short-run inflation forecasts while still retaining the property that, over the long run, only money matters.
Cite this item
Jeffrey J. Hallman & Edward J. Bryden, "Commodity prices and P-star"
, Federal Reserve Bank of Cleveland, Economic Review, issue Q I, pages 11-17, 1992.
This item with handle RePEc:fip:fedcer:y:1992:i:qi:p:11-17:n:v.28no.1
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