Jump to:
Page Content
Search this site
Search Terms
Faculty Research
Connection
Digest Home
Browse Digest
by Faculty Name
Browse Digest
by Publication Type
Browse Digest
by Academic Area
HKS Faculty Research
Working Papers
FRC User's Guide
Contact Us
Submit New & Edit Current Publication Citations
Login Required
Home
>>
Digest Home
>>
Browse Publication Type
>>
Publication Type Results
>>
Publication
Citation
Jeffrey A. Frankel
James W. Harpel Professor of Capital Formation and Growth
phone:
(617)496-3834
fax:
(617)496-5747
email:
Jeffrey_Frankel@harvard.edu
faculty url:
http://www.hks.harvard.edu/about/faculty-staff-directory/Jeffrey-Frankel
HKS Faculty Research Working Paper Series
Frankel, Jeffrey A., and Ayako Saiki. "Does It Matter If Statistical Agencies Frame the Month’s CPI Report on a 1-Month or 12-Month Basis?" HKS Faculty Research Working Paper Series RWP16-011, March 2016.
Abstract/Preview
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 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 chooses.
Attachment
pdf
Publication URL
http://www.nber.org/papers/w23754
Copyright © 2017 The President and Fellows of Harvard College