Journal Article
Mortgage interest deductibility and housing prices
Cecchetti, Stephen G.; Rupert, Peter (1996-02)
An analysis of how implementing a flat tax on income and ending the deductibility of mortgage interest payments would affect housing prices. The authors show that, to the extent prices decline, higher-income households would bear most of the impact, but increases in the value of their other assets might mitigate the drop in the price of their homes.
Economic Commentary , Issue Feb

Journal Article
The consumer price index as a measure of inflation
Cecchetti, Stephen G.; Bryan, Michael F. (1993-10)
An estimation of a price index that is immune to some of the weighting biases that can hinder the use of the Consumer Price Index as a reliable measure of inflation.
Economic Review , Volume 29 , Issue Q IV , Pages 15-24

Journal Article
The seasonality of consumer prices
Cecchetti, Stephen G.; Bryan, Michael F. (1995-04)
A reevaluation of the evidence of seasonality in prices, finding that seasonal price movements have become more prominent in the relatively stable inflation environment that has prevailed since 1982, and that the amount of seasonality differs greatly by item, making it difficult to generalize about seasonal price movements.
Economic Review , Issue Q II , Pages 12-23

Journal Article
Practical issues in monetary policy targeting
Cecchetti, Stephen G. (1996-01)
An outline of the considerable information requirements faced by monetary policymakers, and an examination of the data to see what we actually know and how well we know it. The author's primary conclusion is that the deficiencies of our forecasting ability create uncertainty that leads to cautious policymaking.
Economic Review , Issue Q I , Pages 2-15

Working Paper
Monitoring core inflation
Cecchetti, Stephen G.; Bryan, Michael F. (1993)
An analysis of the use of limited-information estimators as measures of core inflation, showing that these estimators, such as the median of the cross-sectional distribution of inflation, have a higher correlation with past money growth and deliver improved forecasts of future inflation relative to the Consumer Price Index.
Working Papers (Old Series) , Paper 9304

Working Paper
Efficient inflation estimation
Cecchetti, Stephen G.; Wiggins, Rodney L.; Bryan, Michael F. (1997)
An investigation of the use of trimmed means as high-frequency estimators of inflation.
Working Papers (Old Series) , Paper 9707

Conference Paper
Policymakers' revealed preferences and the output-inflation variability trade-off: implications for the European system of central banks
Cecchetti, Stephen G.; McConnell, Margaret M.; Perez-Quiros, Gabriel (1999)
Proceedings

Working Paper
Interactions between the seasonal and business cycles in production and inventories
Cecchetti, Stephen G.; Wilcox, David W.; Kashyap, Anil K. (1997)
This paper shows that in several U.S. manufacturing industries, the seasonal variability of production and inventories varies with the state of the business cycle. We present a simple model which implies that if firms reduce the seasonal variability of their production as the economy strengthens, and they either hold constant or increase the stock of inventories they bring into the high-production seasons of the year, then they must face upward-sloping and convex marginal production cost curves. We conclude that firms in a number of industries face upward-sloping and convex ...
Working Paper Series, Macroeconomic Issues , Paper WP-97-06

Journal Article
High real interest rates: can they be explained?
Cecchetti, Stephen G. (1986-09)
Economic Review , Volume 71 , Issue Sep , Pages 31-41

Conference Paper
Financial crises and economic activity
Cecchetti, Stephen G.; Kohler, Marion; Upper, Christian (2009)
Proceedings - Economic Policy Symposium - Jackson Hole