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2013年6月6日雅思阅读精选:
From:TheEconomics,Jun 5th 2013
Inflation
Beyond goods and people
THE datasphere is bursting with inflation indexes . The Bureau of Labour Statistics provides consumer and producer prices while the Bureau of Economic Analysis gives us all manner of deflators. There are headline and core series . One can look at price indexes for personal consumption expenditures , core PCE, market-based PCE, and core market-based PCE. There are chained indexes. The Cleveland Fed computes up median and 16% trimmed-mean CPI.
These different indexes provide a check on each other, and are often good at highlighting particular sorts of trends in the data. And new research by economists at the New York Fed suggests another way of chopping up inflation figures that looks especially informative. As it turns out, goods prices and services prices tend to behave very differently, with important implications for macroeconomic policy.
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