Peach, Richard W.; Rich, Robert; Antoniades, Alexis - Federal Reserve Bank <New York, NY>; Columbia … - 2004
[...]In this article, we model the relationship between goodsinflation and services inflation from 1967:2 to 2002:4. To … helpinform the inflation debate, we then use our results to forecastinflation for 2003. The specific inflation series that we … services inflation have experiencedpermanent increases and reductions, but these shifts havemoved roughly in tandem.2 That is …