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Does It Matter If Statistical Agencies Frame the Month's CPI Reporton a 1-Month or 12-month Basis? / Jeffrey A. Frankel, Ayako Saiki.
- Format:
- Book
- Author/Creator:
- Frankel, Jeffrey A.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w23754.
- NBER working paper series no. w23754
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2017.
- Summary:
- When the US Bureau of Labor Statistics releases new numbers, in theory it should make no difference whether the press release emphasizes the most recent 1-month number, which is what it always does, or the 12-month number, as many other countries' statistical agencies do. This paper offers the hypothesis that it does matter: Markets react to CPI inflation news via whichever framing the agency has adopted.
- Notes:
- Print version record
- August 2017.
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