Under the Hood of the CPI: Where Inflation Is and Isn't

Michael Ashton - 01/26/11

The Value Of LIBOR Bonds As An Inflation Hedge

Michael Ashton - 10/19/10

The 'Real Feel' Inflation Rate

Michael Ashton - 08/17/10

Long-Term TIPS: A Good Deal

Michael Ashton - 03/24/10

The Hedonic Adjustment Also Rises

Michael Ashton - 03/09/10

Cognitive Errors And The CPI

Michael Ashton - 02/17/10

 

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Under the Hood of the CPI: Where Inflation Is and Isn't

by Michael Ashton on January 26, 2011

All-Items CPI is now rising at 1.496% year-on-year. But where is it coming from? We look at the evolution of the various subcomponents.  Read more »

The Value Of LIBOR Bonds As An Inflation Hedge

by Michael Ashton on October 19, 2010

 Nominal-world-based research suggests that LIBOR bonds can be an effective hedge for inflation. However, an analysis of hedging properties in real space illustrates that some of this apparent protection is illusory. Read more »

The 'Real Feel' Inflation Rate

by Michael Ashton on August 17, 2010

Inflation as it is measured, inflation as it is perceived, the difference between the two, and the implications of that difference. Read more »

Long-Term TIPS: A Good Deal

by Michael Ashton on March 24, 2010

A bottom-up approach to long-run expected equity returns suggests that long-term TIPS are priced to return a similar rate with less volatility, even if stocks are only fair value rather than expensive. Read more »

The Hedonic Adjustment Also Rises

by Michael Ashton on March 9, 2010

Although many people believe that when the BLS hedonically adjusts price indices to reflect changes in quality it systematically dampens recorded inflation, there is at least one significant example of hedonic adjustment being used to increase recorded inflation for a large part of the index. Read more »

Cognitive Errors And The CPI

by Michael Ashton on February 17, 2010

The Government is not beaming secret messages into our brains, and it isn't manipulating CPI to hold down transfer payments, either. Here are the main reasons people perceive more inflation than there actually is. Read more »