What is Keeping U.S. Core Inflation Low : Insights from a Bottom-Up Approach /

Over the past two decades, U.S. core PCE goods and services inflation have evolved differently. Against the backdrop of global concerns of low inflation, we use this trend as motivation to develop a bottom-up model of U.S. inflation. We find that domestic forces play a larger role relative to foreig...

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Autor principal: Abdih, Yasser
Altres autors: Balakrishnan, Ravi, Shang, Baoping
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2016.
Col·lecció:IMF Working Papers; Working Paper ; No. 2016/124
Accés en línia:Full text available on IMF