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.

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...

An illustration of the cost and employment effects of Japanese voluntary export restraints on new-car imports to the U.S.

A comparison of the performance of forecasts by economists (the Livingston survey), households (the Michigan Survey of Consumer Finances), and a time series model (ARIMA).

An examination of the investment and consumption characteristics of the paintings market between 1971 and 1984, using the capital asset pricing model.

An introduction to the experimental Ohio Manufacturing Index and a brief examination of the recent patterns of manufacturing growth occurring in the state.

A look at whether we can have an economic recovery without reaccelerating inflation. The authors consider past behavior of prices, wages, capacity utilization, and productivity growth in their analysis.

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...