Library of Inflation-Related Resources
U.S. Treasurys Presentation on TIPS
Why Does The Treasury Issue TIPS?
Details of the I-Series of Savings Bonds available through Treasury Direct
Private issuance: recent trends in the mature markets
Mark Capleton (May 2006)
Inflation Risks and Products
edited by Benaben and Goldberg
Handbook of Inflation Indexed Bonds
edited by Brynjolfsson and Fabozzi
Inflation-indexed Securities: Bonds, Swaps and Other Derivatives (The Wiley Finance Series)
Deacon, Derry, and Mirfendereski
The Economics Of Inflation - A Study Of Currency Depreciation In Post War Germany
Constantino Bresciani-Turroni
Inflation Targeting: Lessons from the International Experience
Bernanke, Laubach, Mishkin, and Posen
The Great Inflation and Its Aftermath: The Past and Future of American Affluence
Robert J. Samuelson
The Death of Inflation: Surviving and Thriving in the Zero Era
Roger Bootle (1998)
BLS Chapter on the CPI
How its built, what it covers, etc.
Treatment of Owner-Occupied Housing in the CPI
Pool, Ptacek, and Verbrugge (2005)
Inflation, Corporate Profits, and the Rate of Return to Capital
Jeremy I. Bulow and John B. Shoven, from Inflation: Causes and Effects (1982), pp. 233-260
Brief History of the Gold Standard in the United States (2011)
Elwell, Craig K., Congressional Research Service, 2011.
Alternative Monetary Regimes: The Gold Standard (1987)
Schwartz, Anna J., University of Chicago Press for the National Bureau of Economic Research.
Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework (2008)
Gali, J., Princeton University Press, 2008.
Fiat Money Inflation in France (1933)
Andrew Dickson White, D. Appleton-Century Company, 1933.
In Inflation Higher for Seniors
Radu Chiru, Statistics Canada Analysis in brief 1707-0503 No. 027, 2005
A Markov-Switching Model of Inflation in Australia
John Simon, Reserve Bank of Australia Research Discussion Papers (1996)
Modelling Inflation in Australia
Ericsson and deBrouwer, Reserve Bank of Australia Research Discussion Papers (1995)
Explaining and Forecasting Inflation in Emerging Markets: The Case of Mexico
Bailliu, Garcs, Kruger, Messmacher, Bank of Canada Working Paper (2003)
Forecasting Mexicos Inflation: the Effects of an Inflation Targeting Regime
Juan Carlos Suarez Serrato, Proceedings of the 5th Annual Carroll Round (2006)
Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer?
Richard Burdekin, Kris James Mitchner, and Mac Weidenmeir, Journal of Money, Credit, and Banking, forthcoming in 2012.
Does Money Lead Inflation in the Euro Area? (2001)
S. Nicoletti Altimari, ECB Working Paper #63, May 2001.
Understanding the Link between Money Growth and Inflation in the Euro Area (2006)
Assenmacher-Wesche, Katrin & Gerlach, Stefan, CEPR Discussion Papers 5683, 2006.
What drives inflation perceptions? A dynamic panel data analysis (2007)
Bjorn Dohring and Aurora Mordonu, European Economy. Economic Papers. 284. July 2007. Brussels. 27pp.
The Euro Changeover and its Effects on Price Transparency and Inflation (2006)
Giovanni Mastrobuoni and Wioletta Dziuda, Carlo Alberto Notebooks 26, Collegio Carlo Alberto, revised 2006.
Pricing behavior and the introduction of the euro: evidence from a panel of restaurants (2005)
Eugenio Gaiotti and Francesco Lippi, Macroeconomics 0501029, EconWPA, revised 15 Feb 2005.
The Euro Changeover and Its Effects on Price Transparency and Inflation (2009)
Wioletta Dziuda & Giovanni Mastrobuoni, Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(1), pages 101-129, 02.
Rational inattention, inflation developments and perceptions after the euro cash changeover (2006)
Ehrmann, Michael, Working Paper Series 0588, European Central Bank.
Changes in the Federal Reserves Inflation Target:Causes and Consequences
Ireland, Peter N., NBER Working Paper # 12492, (Aug 2006)
Inflation Band Targeting and Optimal Inflation Contracts
Mishkin and Westelius, NBER Working Paper # 12384, (Jul 2006)
Beyond Inflation Targeting: Should Central Banks Target the Price Level?
Kahn, George A., Economic Review, Federal Reserve Bank of Kansas City (Q3 2009)
The Growing Pains of TIPS Issuance (February 2009)
Roush, Jennifer E., FEDS Working Paper No. 2008-08 (February 2009)
The Case for Tips: An Examination of the Costs and Benefits (July 1, 2009)
Dudley, William, Roush, Jennifer E. and Steinberg, Michelle. Economic Policy Review, Vol. 15, No. 1, July 2009.
Tips Scorecard: Are Tips Accomplishing What They Were Supposed to Accomplish? Can They Be Improved? (Sept 2009)
Barnes, Michelle L., Bodie, Zvi, Triest, Robert K. and Wang, J. Christina. FRB of Boston Public Policy Discussion Paper No. 09-8.
Inflation, Learning and Monetary Policy Regimes in the G-7 Economies (1995)
Ricketts, Nicholas, and David Rose
Chicago Fed Letter: What are the implications of rising commodity prices for inflation and monetary policy? (2011)
Charles L. Evans and Jonas D. M. Fisher
Government Revenue from Inflation (1971)
Milton Friedman, "Government Revenue from Inflation", Journal of Political Economy, Vol. 79, No. 4, Jul-Aug 1971.
Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from the U.S., UK, and Sweden (2010)
Refet S. Gorkaynak, Andrew Theo Levin, and Eric T. Swanson, Journal of the European Economic Association, 2010, vol. 8, issue 6, pages 1208-1242.
Inflation Targeting as Constrained Discretion (2011)
Junhan Kim, "Inflation Targeting as Constrained Discretion," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(7), pages 1505-1522, October 2011.
Revisiting Monetary Policy in a Low, Inflation and Low, Utilization Environment (2012)
Alan S. Blinder, "Revisiting Monetary Policy in a Low, Inflation and Low, Utilization Environment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44, pages 141-146, 02, 2012.
Monetary Policy Response to Oil Price Shocks (2009)
Jean-Marc Natal, Federal Reserve Bank of San Francisco Working Paper Series.
Monetary Policy in a Low, Inflation Environment: Developing a State, Contingent Price, Level Target (2012)
Charles L. Evans, "Monetary Policy in a Low, Inflation Environment: Developing a State, Contingent Price, Level Target," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44, pages 147-155, 02, 2012.
Learning About the Term Structure and Optimal Rules for Inflation Targeting (2006)
Eijffinger, Sylvester C W & Schaling, Eric & Tesfaselassie, Mewael F., "Learning About the Term Structure and Optimal Rules for Inflation Targeting," CEPR Discussion Papers 5896.
What Has, and Has Not, Been Learned about Monetary Policy in a Low, Inflation Environment? A Review of the 2000s (2012)
Richard H. Clarida, "What Has, and Has Not, Been Learned about Monetary Policy in a Low, Inflation Environment? A Review of the 2000s," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44, pages 123-140, 02.
Excess Money Growth And Inflation Dynamics (2007)
Barbara Roffia and Andrea Zaghini, ECB Working Paper Series, #749, May 2007.
Inside the black box: the credit channel of monetary policy transmission (1995)
Bernanke, B. and M. Gertler, Journal of Economic Perspectivs, Vol. 9, pp. 27-48.
How the Bundesbank Conducts Monetary Policy (1997)
Richard H. Clarida and Mark Gertler, Chapter 10 in "Reducing Inflation: Motivation and Strategy," 1997, pp. 363-412.
Is Low Unemployment Inflationary? (1997)
Roberto Chang, FRB Atlanta Economic Review, First Quarter 1997
Monetary Policy: Why Money Matters and Interest Rates Don,t (2012)
Daniel L Thornton, Federal Reserve Bank of St. Louis, Working Paper 2012-020A, July 2012.
Historical U.S. Money Growth, Inflation, and Inflation Credibility (1998)
William G. Dewald, Federal Reserve Bank of St. Louis Review 80 (November/December), pp. 13-24.
Securing sustainable price stability: should credit come back from the wilderness? (2004)
Borio, C. and P. Lowe, BIS Working Paper #157.
The future of monetary aggregates in monetary policy analysis (2003)
Nelson, Edward, Journal of Monetary Economics, Elsevier, vol. 50(5), pages 1029-1059, July 2003.
Fiscal Requirements for Price Stability (2001)
Woodford, Michael, Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(3), pages 669-728, August 2001.
Stagflation, persistent unemployment and the permanence of economic shocks (1980)
Brunner, Karl & Cukierman, Alex & Meltzer, Allan H., Journal of Monetary Economics, Elsevier, vol. 6(4), pages 467-492, October 1980.
The Incredible Volcker Disinflation (2005)
Goodfriend, Marvin and Robert G. King, Journal of Monetary Economics, 2005, v52(5,Jul), 981-1015.
Imperfect credibility and inflation persistence (2003)
Erceg, Christopher J. & Levin, Andrew T., Journal of Monetary Economics, Elsevier, vol. 50(4), pages 915-944, May.
Changes in the Federal Reserves Inflation Target: Causes and Consequences (2007)
Peter N. Ireland, Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(8), pages 1851-1882, December.
Drifting Inflation Targets and Stagflation (2012)
Shujaat Khan and Edward S. Knotek II, Federal Reserve Bank of Kansas City, Research Working Papers, November 29, 2012.
Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence (2012)
Rodiger Bachmann, Tim O. Berg, Eric R. Sims, NBER Working Paper No. 17958, March 2012.
Inflation and the Poor (2001)
Easterly, W. and S. Fischer, Journal of Money, Credit, and Banking, 33(2), 2001, p.160-78.
On Inflation as a Regressive Consumption Tax (2002)
Erosa, A., and G. Ventura, Journal of Monetary Economics, 49(4), pp. 761-795, 2002.
Financial Sophistication and the Distribution of the Welfare Costs of Inflation (2009)
Boel, Paola & Camera, Gabriele, Journal of Monetary Economics, Elsevier, vol. 56(7), pages 968-978, October.
Inflation Forecasts and Monetary Policy (1997)
Bernanke, Ben S. and Michael Woodford, Journal of Money, Credit and Banking 29, pp. 653-684 (link is to NBER version).
Welfare Costs of Shifting Trend Inflation (2013)
Taisuke Nakata, Federal Reserve Board, February 2013.
Towards An Understanding of the Real Effects and Costs of Inflation (1978)
Stanley Fischer and Franco Modigliani, NBER Working Papers 0303, National Bureau of Economic Research, Inc.
U.S. Inflation, Labors Share, and the Natural Rate of Unemployment (1990)
Gordon, Robert, in Heinz Konig, ed., Economics of Wage Determination. Berlin: Springer-Verlag, 1990.
Inflation: Mind the Gap (2010)
Liu, Zheng and Glenn Rudebusch, Federal Reserve Bank of San Francisco Economic Letter, No. 2010-02, 2010.
The Relationship between Unemployment and the Rate of Change of Money Wages in the United Kingdom, 1861-1957 (1958)
Phillips, A.W., Economica 25, no. 100: 283-99, 1958.
Commentary: Monetary Policy at Zero Inflation (1999)
Allan H. Meltzer, Proceedings, Federal Reserve Bank of Kansas City, pages 261-276.
Looking back at the international deflation record (2004)
Borio, Claudio & Filardo, Andrew J., The North American Journal of Economics and Finance, Elsevier, vol. 15(3), pages 287-311, December.
The quest for prosperity without inflation (2003)
Orphanides, Athanasios, Journal of Monetary Economics, Elsevier, vol. 50(3), pages 633-663, April.
Assessing Potential Inflation Consequences of QE after Financial Crises (2012)
Reynard, Samuel, Peterson Institute for International Economics Working Paper, pp 12,22.
Inflation targets and inflation targeting (2001)
Laurence H. Meyer, Review, Federal Reserve Bank of St. Louis, issue Nov., pages 1-14.
The Inflation-Output Trade-Off Revisited (2013)
Eggertsson, Gauti B. and Giannoni, Marc P.. FRB of New York Staff Report No. 608. March, 2013.
Inflation expectations, uncertainty and monetary policy (2009)
Christopher Sims, Bank for International Settlements Working Papers No 275, March 2009.
Monetary Policy and the Well-Being of the Poor (1998)
Christina D. Romer & David H. Romer, NBER Working Papers 6793, National Bureau of Economic Research, Inc., 1998.
Inflation and Poverty (1992)
Eliana Cardoso, NBER Working Paper No. 4006, March 1992.
Falling Behind the Curve: A Positive Analysis of Stop-Start Monetary Policies and the Great Inflation (2010)
Andrew Levin and John B. Taylor, NBER Working Paper No. 15630, January 2010.
The Impact of Inflation on the Distribution of Income and Wealth (1971)
Budd, Edward C & Seiders, David F, American Economic Review, American Economic Association, vol. 61(2), pages 128-38, May.
Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence (2012)
Rodiger Bachmann, Tim O. Berg, Eric R. Sims, NBER Working Paper No. 17958, March 2012.
Inflation and the Size of Government (2001)
Song Han and Casey B Mulligan, Federal Reserve Board, 2001.
Inflation-Linked Corporate Bond Spreads - Are Corporate Linkers Really As Rich As They Look?
Michael Ashton. This article was originally published in The Euromoney Derivatives & Risk Management Handbook 2008/09. For further information, please visit www.euromoney-yearbooks.com/handbooks
Disaggregated TIPS: The Case for Disaggregating Inflation-linked Bonds into Bonds Linked to Narrower CPI Components
William W. Jennings, Working Paper Series (Sep 2004)
Maximizing Personal Surplus: Liability-Driven Investment for Individuals
Michael Ashton, Working Paper (Oct 2010)
TIPS, the Dual Duration, and the Pension Plan
Siegel, Laurence B. and Waring, M. Barton. Financial Analysts Journal, September/October 2004.
Empirical TIPS
Roll, Richard W. Financial Analysts Journal, January/February 2004
The Information Content of the Embedded Deflation Option in TIPS (March 2010)
Grishchenko, Olesya V., Vanden, Joel M. M. and Zhang, Jianing (Mar 2010). Paris December 2010 Finance Meeting EUROFIDAI - AFFI.
A New Strategy to Maximize Retirement Withdrawals Using TIPS and Longevity Insurance (Oct 2008)
Shankar, S. Gowri. Financial Services Review, Forthcoming.
Are Treasury Inflation Protected Securities Really Tax Disadvantaged? (Dec 2003)
Hein, Scott E. and Mercer, Jeffrey M. FRB of Atlanta Working Paper No. 2003-9.
Are TIPS the Real Deal?: A Conditional Assessment of their Role in a Nominal Portfolio (Oct 2002)
Simon, David P. and Hunter, Delroy M. EFMA 2003 Helsinki Meetings.
When Do TIPS Prices Adjust To Inflation Information? (2011)
Quentin C. Chu, Deborah N. Pittman, CFA, and Linda Q. Yu
TIPS, the Triple Duration, and the OPEB Liability: Hedging Medical Care Inflation in OPEB Plans (2011)
Ashton, Michael. Working Paper Series (May 11, 2011).
Drivers of Inflation-Linked Corporate Bond Spreads and the Inflation Swap/Bond Breakeven Difference (2008)
Michael Ashton
The Term Structure of Real Rates and Expected Inflation (2004)
Geert Bekaert, "Proceedings" (Federal Reserve Bank of San Francisco), March 2004 (a version was also later published in the JoF, 2008, but not linked here).
Emerging Markets Inflation-Linked Bonds (2012)
Swinkels, Laurens A. P., Emerging Markets Inflation-Linked Bonds (February 12, 2012). Financial Analysts Journal, Forthcoming.
Infrastructure as Hedge against Inflation , Fact or Fantasy? (2012)
Maximilian G. Roedel and Chistoph Rothballer, Journal of Alternative Investments, Summer 2012.
The CPI Futures Market: The Inflation Hedge That Wont Grow (1987)
Brian R. Horrigan, Federal Reserve Bank of Philadelphia Business Review, May/June 1987.
Trading Activity and Price Transparency in the Inflation Swap Market (2012)
Michael Fleming and John Sporn, Federal Reserve Bank of New York Staff Reports, no. 557, Oct 2012.
Inflation Risk in Corporate Bonds (2012)
Johnny Kang and Carolin E. Pflueger, presented at the 2013 AEA Conference. Earlier versions available on SSRN.
Durable Goods, Inflation Risk and the Equilibrium Asset Prices (2012)
Eraker, Bjorn, Shaliastovich, Ivan and Wang, Wenyu, Durable Goods, Inflation Risk and the Equilibrium Asset Prices (November 2012). AFA 2013 San Diego Meetings Paper.
Asset Returns and Inflation (1977)
Fama, Eugene F. & Schwert, G. William, Journal of Financial Economics, Elsevier, vol. 5(2), pages 115-146, November 1977.
Inflation, Real Stock Returns, and Monetary Policy (1996)
Graham, Fred C., Applied Financial Economics, Feb 1996, Volume: 6 Issue: 1 pp.29-35.
Inflation Hedging for Long-Term Investors (2009)
Roache, Shaun K. K. and Attie, Alexander P., Inflation Hedging for Long-Term Investors (April 2009). IMF Working Papers, Vol. , pp. 1-37, 2009.
Inflation and Asset Prices (2011)
Tatom, John, Inflation and Asset Prices (November 10, 2011). Networks Financial Institute Working Paper No. 2011-WP-26.
Does inflation matter for equity returns? (2005)
Salman Ahmed and Mirko Cardinale, Journal of Asset Management (2005) 6, 259,273; doi:10.1057/palgrave.jam.2240180.
Common Stocks as a Hedge against Inflation (1976)
Zvi Bodie, The Journal of Finance, Vol. 31, No. 2, Papers and Proceedings of the Thirty-Fourth Annual Meeting of the American Finance Association Dallas, Texas December 28-30, 1975 (May, 1976), pp. 459-470.
Real Estate Returns and Inflation: An Added Variable Approach (1998)
Michael T. Bond and Michael J. Seiler, "Real Estate Returns and Inflation: An Added Variable Approach," Journal of Real Estate Research, American Real Estate Society, vol. 15(3), 1998, pages 327-338.
Inflation and Security Returns (1974)
John Lintner, The Journal of Finance, Vol. 30, No. 2, Papers and Proceedings of the Thirty-Third Annual Meeting of the American Finance Association, San Francisco, California, December 28-30, 1974 (May, 1975), pp. 259-280.
Asset Allocation with Inflation-Protected Bonds (2004)
Kothari, S.P. and Shanken, Jay A., Financial Analysts Journal, Vol. 60, No. 1, pp. 54-70, January/February 2004.
Do Inflation-Linked Bonds Still Diversify? (2009)
Briere, M. and Signori, O. (2009), European Financial Management, 15: 279,297.
TIPS as an Asset Class (2001)
Peng Chen and Matt Terrien, The Journal of Investing Summer 2001, Vol. 10, No. 2: pp. 73-81.
A CPI-Futures Market (1973)
Michael C. Lovell and Robert C. Vogel, Journal of Political Economy Vol. 81, No. 4 (Jul. - Aug., 1973), The University of Chicago Press, pp. 1009-1012.
A Scorecard for Indexed Government Debt (1996)
Campbell, John Y. and Robert J. Shiller: National Bureau of Economic Research Macroeconomics Annual, MIT Press, 1996.
Inflation, Index-Linked Bonds, and Asset Allocation (1990)
Bodie, Z., Journal of Portfolio Management 16(2), pp. 48-53 (link is to an earlier, free access, version from NBER).
TIPS Liquidity and the Outlook for Inflation (2016)
Martin M. Andreasen and Jens H.E. Christensen, FRBSF Economic Letter, #2016-25, November 21, 2016.
Variation Across Household in the Rate of Inflation
Robert T Michael, NBER Working Paper No. 74, 1975
"Big Data in the U.S. Consumer Price Index: Experiences & Plans"
Konny, Williams, and Friedman (Feb 2019)
The Case for TIPS: An Examination of the Costs and Benefits
Roush, Dudley, and Steinberg Ezer, FRBNY Staff Reports, Oct 2008
How the Inflation Illusion Killed the CAPM
Cohen, Polk, and Vuolteenaho, working paper, May 2004.
Inflation Illusion and Stock Prices
John Campbell and Tuomo Vuolteenaho, NBER Working Paper # 10263, (Feb 2004) (Published in AER, vol 94, no 2, pp 19-23, 2004).
Has Globalization Changed Inflation?
Ball, Laurence, NBER Working Paper # 12687, (Nov 2006)
Money Illusion and Housing Frenzies
Brunnermeier and Julliard, NBER Working Paper # 12810, (Dec 2006)
Price measurement in the United States: A decade after the Boskin Report
David S. Johnson, Stephen B. Reed, and Kenneth J. Stewart, Monthly Labor Review Online (May 2006)
Inflation as a Redistribution Shock: Effects on Aggregates and Welfare
Doepke and Schneider, NBER Working Paper # 12319, (Jun 2006)
Real-Feel Inflation: Quantitative Estimation of Inflation Perceptions
Michael Ashton, Working Paper (Nov 2010)
TIPS, Inflation Expectations, and the Financial Crisis
Andonov, Aleksandar, Bardong, Florian and Lehnert, Thorsten. (December 8, 2010). Financial Analysts Journal, Vol. 66, No. 6, 2010
Why Does the Treasury Issue TIPS? The TIPS-Treasury Bond Puzzle (Sept 2010)
Fleckenstein, Matthias, Longstaff, Francis A. and Lustig, Hanno N.
Addressing misconceptions about the Consumer Price Index
Greenlees and McClelland. Monthly Labor Review Online. August 2008, Vol. 131, No. 8
Producing disease-based price indexes (Feb 2010)
Bradley, Cardenas, Ginsburg, Rozental, and Vele. Monthly Labor Review, February 2010.
Equilibrium Asset Prices and Investor Behavior in the Presence of Money Illusion (2009)
Basak, Suleyman and Yan, Hongjun
Stock Returns, Real Activity, Inflation, and Money (1981)
Fama
The Long-Run Relationship between House Prices and Rents (2004)
Joshua Gallin, Finance and Economics Discussion Series, Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C., 2004
Why Do People Dislike Inflation? (1997)
Robert J Shiller, NBER
Inflation, Rational Valuation and the Market (1979)
Franco Modigliani and Richard A Cohn
Towards an Understanding of the Real Effects and Costs of Inflation (1978)
Fischer, Stanley and Modigliani, Franco , Towards an Understanding of the Real Effects and Costs of Inflation (April 1980). NBER Working Paper Series, Vol. w0303, pp. -, 1980. Available at SSRN: http://ssrn.com/abstract=260489
A Reconciliation between the Consumer Price Index and the Personal Consumption Expenditures Price Index (2007)
Clinton P. McCully, Brian C. Moyer, and Kenneth J. Stewart, Bureau of Economic Analysis, September 2007
Inflation expectations and behavior: Do survey respondents act on their beliefs? (2011)
Armantier, de Bruin, van der Klaauw, Topa, and Zafar; Federal Reserve Bank of New York
The Impact of Inflation on Corporate Taxation
Joel Hasbrouck, 1981
How Inflation Affects Balance Sheets (1934)
Henry Sweeney, The Accounting Review, Vol. 9, No. 4 (Dec., 1934), pp. 275-299.
Cost-of-living Clauses: Trends and Current Characteristics (1996)
Devine, Janice M., "Cost-of-living Clauses: Trends and Current Characteristics," Compensation and Working Conditions, December 1996, pp. 24-29.
Cost-of-Living Escalators in Major Union Contracts (1983)
Card, David, "Cost-of-Living Escalators in Major Union Contracts", Industrial and Labor Relations Review, Vol. 37, No. 1. (Oct., 1983), pp. 34-48.
Rethinking the measurement of household inflation expectations: preliminary findings (2008)
Wilbert van der Klaauw & Wandi Bruine de Bruin & Giorgio Topa & Simon Potter & Michael Bryan, "Rethinking the measurement of household inflation expectations: preliminary findings," Staff Reports 359, Federal Reserve Bank of New York, 2008.
Does Inflation Adjust Faster to Aggregate Technology Shocks than to Monetary Policy Shocks? (2011)
Luigi Paciello, Journal of Money, Credit and Banking, Volume 43, Issue 8, pages 1663,1684, December 2011.
Disagreement and Biases in Inflation Expectations (2009)
Carlos Capistran & Allan Timmermann, "Disagreement and Biases in Inflation Expectations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(2-3), pages 365-396, 03, 2009.
Consumer Price Index data quality: how accurate is the U.S. CPI? (2012)
Stephen B. Reed and Darren A. Rippy, Consumer Price Index program, Beyond the Numbers: Prices & Spending, vol. 1, no. 12 (U.S. Bureau of Labor Statistics, August 2012).
Worry-Free Inflation-Indexing for Sovereigns: How Governments Can Effectively Deliver Inflation-Indexed Returns to Their Citizens and Retirees (2012)
Joseph Cherian, Wee Kang Chua, and Zvi Bodie Life-Cycle Investing: Financial Education and Consumer Protection (2012): 139,161 (doi: 10.2470/rf.v2012.n3.11)
What Should Core Inflation Exclude? (2012)
Alan K. Detmeister, Finance and Economics Discussion Series, Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.
Inflation Dynamics and Time-Varying Uncertainty: New Evidence and an Ss Interpretation (2012)
Joseph Vavra, 2012. Presented at the 2013 AEA Conference.
The Curiously Different Inflation Perspectives of Men and Women (2001)
Michael F. Bryan & Guhan Venkatu, Economic Commentary, Federal Reserve Bank of Cleveland, issue Nov. 2001
Understanding the Distributional Impact of Long-Run Inflation (2012)
Gabriele Camera, YiLi Chien, Working Paper 2012-058A, FEDERAL RESERVE BANK OF ST. LOUIS Working Paper Series, November 2012.
The Monetary Dynamics of Hyperinflation (1956)
Cagan, Philip, in Milton Friedman (editor), "Studies in the Quantity Theory of Money," Chicago, University of Chicago Press, 1956.
Interest Rates and Price Expectations During the Civil War (1972)
Roll, Richard, The Journal of Economic History, Cambridge University Press, vol. 32(02), pages 476-498, June 1972.
World Hyperinflations (2012)
Steve Hanke and Nicholas Krus, Cato Working Paper no. 8, August 15, 2012. Forthcoming in: Randall Parker and Robert Whaples (eds.) (2013)The Handbook of Major Events in Economic History, London: Routledge Publishing. (expected publication created_on: Summer 2013).
The Demographics of Inflation Opinion Surveys (2001)
Bryan M. and G. Venkatu, Federal Reserve Bank of Cleveland, Economic Commentary.
The Relationship between Relative Prices and the General Price Level (1976)
Vining, Daniel R, Jr & Elwertowski, Thomas C, American Economic Review, American Economic Association, vol. 66(4), pages 699-708, September 1976.
Alternative CPI aggregations: two approaches (2000)
Mary Kokoski, Monthly Labor Review, vol. 123, no. 11 (Nov 2000), pp. 31-39)
Low inflation, pass-through, and the pricing power of firms (2000)
Taylor, John B., European Economic Review, Elsevier, vol. 44(7), pages 1389-1408, June.
Inflation: Its Mechanics and Welfare Costs (1975)
Arthur M. Okun, Brookings Papers on Economic Activity, 1975, vol. 6, issue 2, pages 351-402
Inflation and Asset Returns in a Monetary Economy (1992)
David A. Marshall, The Journal of Finance, Vol. 47, No. 4 (Sep., 1992), pp. 1315-1342.
The ends of four big inflations (1981)
Thomas A. Sargent, 1981. Published in The theory of inflation (1994, pp. 433-489)
Why Has U.S. Inflation Become Harder to Forecast?
Stock and Watson, NBER Working Paper #12324 (Jun 2006)
Comparing U.S. and European inflation: the CPI and the HICP
Walter Lane and Mary Lynn Schmidt, Monthly Labor Review Online (May 2006)
Do Macro Variables, Asset Markets, or Surveys Forecast Inflation Better?
Ang, Bekaert, and Wei, NBER Working Paper #11538 (Aug 2005)
Does Wage Inflation Cause Price Inflation? (2000)
Hess and Schweitzer, Cleveland Fed Policy Discussion Paper (April 2000)
The Seasonality of Consumer Inflation (1995)
Bryan and Cecchetti, Cleveland Fed Economic Review (1995)
Mean Reversion of Inflation Rates: Evidence from 13 OECD Countries
Lee and Wu, Journal of Macroeconomics, Summer 2001
Measuring Inflation Persistence: A Structural Time Series Approach
Everaert and Dossche, ECB Working Paper #495, June 2005
Pricing Treasury Inflation Protected Securities and Related Derivatives using an HJM Model
Jarrow and Yildrim, JFQA June 2003
Understanding Inflation Convexity
Wei Peng, working paper, Apr 2006
A Market Model for Inflation
Belgrade, Benhamou, and Koehler, working paper, Jan 2004
Reconciling Year on Year and Zero Coupon Inflation Swap: A Market Model Approach
Belgrade and Benhamou, working paper, August 2004
Impact of Seasonality in Inflation Derivatives Pricing
Belgrade and Benhamou, working paper, August 2004
The Microstructure of the TIPS Market (December 2009)
Fleming, Michael J. and Krishnan, Neel, FRB of New York Staff Report No. 414.
Tips from Tips: The Informational Content of Treasury Inflation-Protected Security Prices
DAmico, Stefania, Kim, Don H. and Wei, Min. BIS Working Paper No. 248.
The TIPS Yield Curve and Inflation Compensation (Oct 2008)
Gurkaynak, Refet S., Sack, Brian P. and Wright, Jonathan H. FEDS Working Paper No. 2008-05.
TIPS Options in the Jarrow-Yildirim Model (Oct 2005)
Henrard, Marc P. A. Working Paper.
Inflation Risk Premium: Evidence from the TIPS Market (Nov 2010)
Grishchenko, Olesya V. and Huang, Jing-Zhi.
Inflation, Fisher Equation, and the Term Structure of Inflation Risk Premia: Theory and Evidence from TIPS (Sep 2005)
Chen, Ren-Raw, Liu , Bo and Cheng, Xiaolin.
Scraped Data and Sticky Prices (Jan 2011)
Alberto Cavallo
Measuring Inflation Persistence: A Structural Time Series Approach (2005)
Everaert, Gerdie and Dossche, Maarten
Weighted Median Inflation: Is This Core Inflation? (2004)
Julie K Smith. Journal of Money, Credit, and Banking, April 2004
Core Inflation as a Predictor of Total Inflation (2006)
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by Elmar Mertens. Federal Reserve Board Finance and Economics Discussion Series 2011-42
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Jarrow, Robert and Yildirim, Yildiray. Journal of Financial and Quantitative Analysis, vol 38, no. 2, June 2003.
Convexity adjustments in inflation-linked derivatives (2008)
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Inflation-Gap Persistence in the US (2010)
Cogley, Timothy, Giorgio E. Primiceri, and Thomas J. Sargent. 2010. "Inflation-Gap Persistence in the US." American Economic Journal: Macroeconomics, 2(1): 43,69.
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Clark, Todd E. & Davig, Troy, 2011. "Decomposing the declining volatility of long-term inflation expectations," Journal of Economic Dynamics and Control, Elsevier, vol. 35(7), pages 981-999, July.
Forecasting Inflation (2013)
Jon Faust and Jonathan H. Wright, "Forecasting Inflation," Department of Economics, Johns Hopkins University, 2011.
TIPS: Taking Inflation Premium Seriously (2005)
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Uncertainty over Models and Data: The Rise and Fall of American Inflation (2012)
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Inflation Dynamics When Inflation Is Near Zero (2012)
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Disagreement about Inflation Expectations (2003)
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Are Money Growth and Inflation Still Related? (1999)
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Putting M Back into Monetary Policy (2002)
Eric M. Leeper and Jennifer E. Roush, Journal of Money, Credit and Banking, Vol. 35, No. 6, Part 2: Recent Developments in Monetary Economics (Dec., 2003), pp. 1217-1256.
Money and inflation in the Euro Area: A case for monetary indicators? (2001)
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Pricing TIPS and Treasuries with Linear Regressions (2012)
Michael Abrahams, Tobias Adrian, Richard K. Crump, and Emanuel Moench, FRBNY Staff Reports, No. 570.
Estimating the common trend rate of inflation for consumer prices and consumer prices excluding food and energy prices (2008)
Michael T. Kiley, Finance and Economics Discussion Series 2008-38, Board of Governors of the Federal Reserve System (U.S.), 2008.
Forecasting output and inflation: the role of asset prices (2001)
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Phillips Curve Inflation Forecasts (2008)
James H. Stock & Mark W. Watson, NBER Working Papers 14322, National Bureau of Economic Research, Inc., 2008.
Forecasting US inflation by Bayesian model averaging (2009)
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Modeling Inflation After the Crisis (2010)
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Facts and Fantasies about Commodity Futures
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Time-Variation in Diversification Benefits of Commodity, REITs, and TIPS
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Commodities Sectors and the Business Cycle (2012)
Geetesh Bhardwaj and Adam Dunsby, Journal of Indexes, July/August 2012.
The Business Cycle and the Correlation between Stocks and Commodities
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Stock Market Reaction To Good And Bad Inflation News (2008)
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Historical Currency Converter
Interesting site allows you to see what one currency in one year is worth in another currency in a different year - using several different ways of inflating purchasing power.
Cleveland Fed "Inflation Central"
collection of CPI from around the world along with some research and opinion
Median CPI
at the Cleveland Fed
The Inflation Project
at the Atlanta Fed
PriceStats Inc.
a price index made entirely of online price sampling)
TIPSwatch
A site dedicated to ideas, benefits, and cautions about TIPS.