A comparison of Pre and Post 2008 inflation trends for the consumer Price Index (CPI) Less Food and Energy: An Empirical Analysis 1999-2018.

Authors

Presenter(s)

Christian Gerard Hense

Files

Description

Despite an aggressive policy of Monetary easing by the Federal Reserve. Inflation seems to be rather benign after the 2008 recession. In this study I compare inflation trends before and after the 2008 recession to determine if the long term inflation trend has significantly changed due to the 2008 economic rescission. I use the inflation metric CPI -Less Food and Energy because it is a measurable, less volatile measure of inflation. I also forecast CPI (LF&E) for 2018 using Linear Trend regressions adjusted for a root mean square error (RMSE). I use an error tolerance of 2% to determine forecasting accuracy.

Publication Date

4-24-2019

Project Designation

Independent Research

Primary Advisor

Tony S. Caporale, Robert D. Dean

Primary Advisor's Department

Economics and Finance

Keywords

Stander Symposium project

Recommended Citation

"A comparison of Pre and Post 2008 inflation trends for the consumer Price Index (CPI) Less Food and Energy: An Empirical Analysis 1999-2018." (2019). Stander Symposium Projects. 1444.
https://ecommons.udayton.edu/stander_posters/1444