The UIG captures sustained movements in inflation from information contained in a broad set of price, real activity, and financial data ◦ developed jointly with the Fed New York ◦ forecasts headline inflation better than traditional core measures ◦ developed and implemented during regular visits since 2005 ◦ has been updated daily by Fed New York since 2005
Underlying Inflation Gauge for the U.S. – joint work with Fed NY (FRBNY)
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