Bolhuis, Marijn A.; Cramer, Judd N. L.; Summers, … - National Bureau of Economic Research - 2022
There have been important methodological changes in the Consumer Price Index (CPI) over time. These distort comparisons … contextualize the current run-up in inflation, this paper constructs new historical series for CPI headline and core inflation that …, the rate of core CPI disinflation caused by Volcker-era policies is significantly lower when measured using today …