000001257 001__ 1257
000001257 005__ 20250303150309.0
000001257 0247_ $$a10.15456/jae.2023054.0916823973$$2DOI
000001257 041__ $$aeng
000001257 084__ $$aC11 Bayesian Analysis: General$$02855
000001257 084__ $$aC32 Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models$$02874
000001257 084__ $$aE31 Price Level; Inflation; Deflation$$03031
000001257 084__ $$aE52 Monetary Policy$$03046
000001257 245__ $$aUnderstanding trend inflation through the lens of the goods and services sectors (replication data)
000001257 251__ $$a1
000001257 260__ $$bZBW - Leibniz Informationszentrum Wirtschaft
000001257 269__ $$a2023
000001257 336__ $$aDataset
000001257 506__ $$aFiles may be downloaded from digital repository linked in the DOI field
000001257 520__ $$aWe distinguish between the goods and services sectors in an unobserved components model of U.S. inflation. We find that prior to the early 1990s, both sectors contributed to volatility of aggregate trend inflation, while since then, this has been predominantly driven by the services sector, with the trend in goods inflation being essentially flat. We document that the large reduction in the volatility of the trend for goods inflation has been the most important driver of the decline in the volatility in aggregate trend inflation reported by Stock and Watson (2007). Our results appear robust to COVID-19 inflation developments. <p><p>Replication Data for peer-reviewed article published in Journal of Applied Econometrics. Paper published online April 5, 2023.$$7Abstract
000001257 540__ $$aCreative Commons Attribution 4.0 International$$uhttps://creativecommons.org/licenses/by/4.0/legalcode$$fCC-BY-4.0
000001257 7001_ $$aEo, Yunjong$$7Personal$$uKorea University
000001257 7001_ $$aUzeda, Luis$$7Personal$$uBank of Canada$$3https://ror.org/05cc98565$$5ROR
000001257 7001_ $$aWong, Benjamin$$7Personal$$uMonash University
000001257 791__ $$aJournalArticle$$iReproducibility package is associated with peer-reviewed article$$w10.1002/jae.2975$$c2023$$dJournal of Applied Econometrics (Wiley-Blackwell)$$tUnderstanding trend inflation through the lens of the goods and services sectors$$2DOI$$j38$$k5$$q751$$o766$$eIsSupplementTo
000001257 791__ $$aText$$iAssociated article is first published as Bank of Canada Staff Working Paper$$w10.34989/swp-2020-45$$c2020$$dBank of Canada$$tUnderstanding Trend Inflation Through the Lens of the Goods and Services Sectors$$2DOI$$jStaff Working Paper$$k2020-45$$eIsSupplementTo
000001257 8301_ $$aReproducibility Package
000001257 8301_ $$aEnsemble de données pour la reproductibilité des résultats de recherche
000001257 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:1257$$pbibliographic
000001257 937__ $$aEo, Y., L. Uzeda and B. Wong$$b2023$$cUnderstanding trend inflation through the lens of the goods and services sectors$$dJournal of Applied Econometrics$$e38$$f5$$ghttps://doi.org/10.1002/jae.2975
000001257 980__ $$aStaff Research
000001257 980__ $$aRDM
000001257 980__ $$aResearch Reproducibility Packages
000001257 991__ $$aPublic