Does it Matter If Statistical Agencies Frame the Month's CPI Report on a 1-Month or 12-Month Basis?
13 Pages Posted: 23 May 2016
There are 2 versions of this paper
Does It Matter If Statistical Agencies Frame the Month's CPI Report on a 1-Month or 12-Month Basis?
HKS Working Paper No. 16-011
Number of pages: 13
Posted: 19 Mar 2016
Downloads
20
Date Written: March 15, 2016
Abstract
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.
Keywords: Announcement, bond, CPI, framing, inflation, market, monthly, reaction, release, statistical
JEL Classification: E, F, G
Suggested Citation: Suggested Citation
Frankel, Jeffrey A. and Saiki, Ayako, Does it Matter If Statistical Agencies Frame the Month's CPI Report on a 1-Month or 12-Month Basis? (March 15, 2016). HKS Working Paper No. 16-011, Available at SSRN: https://ssrn.com/abstract=2782635 or http://dx.doi.org/10.2139/ssrn.2782635
Here is the Coronavirus
related research on SSRN
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.
