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Federal Reserve Bank of New York staff Underlying Inflation Gauge (UIG): indicator for US trend inflation

developed and implemented during assignment as Resident Visiting Scholar at the Fed NY 2004-2005; UIG for the US is updated daily at the Fed NY since June 2005; part of Fed NY Staff Economic Outlook; presented and discussed at ‘Fed NY Economic Advisory Panel’ (members include A. Blinder, K. Rogoff, F. Mishkin, Michael Woodford); UIG is covered in speech by Fed NY president William C. Dudley on ‘Conducting Monetary Policy: Rules, Learning and Risk Management’ (24 May 2012); published in Economic Policy Review (2017).