EconPapers    
Economics at your fingertips  
 

Core import price inflation in the United States

Janet Koech and Mark Wynne

No 131, Globalization Institute Working Papers from Federal Reserve Bank of Dallas

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.

JEL-codes: E31 E37 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2012
New Economics Papers: this item is included in nep-for, nep-mac and nep-mon
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.
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.dallasfed.org/-/media/documents/resear ... papers/2012/0131.pdf Full text (application/pdf)

Related works:
Journal Article: Core Import Price Inflation in the United States (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:feddgw:131

Access Statistics for this paper

More papers in Globalization Institute Working Papers from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by Amy Chapman ().

 
Page updated 2025-03-30
Handle: RePEc:fip:feddgw:131