The behavior of the Consumer Price Index : 1913 to 2003
| dc.contributor.author | Hamid, Shaikh A. | |
| dc.contributor.author | Dhakar, Tej S. | |
| dc.date.accessioned | 2011-01-27T16:02:18Z | |
| dc.date.available | 2011-01-27T16:02:18Z | |
| dc.date.issued | 2005 | |
| dc.description | Author's Original | |
| dc.description.abstract | This paper analyzes the seasonality in the monthly consumer price index (CPI) over the period January 1913 to December 2003. We examine three types of month effects: if the mean of monthly CPI changes of the entire data set, and of a given month were significantly different from zero; if the mean of monthly CPI changes of a given month was different from the mean of the other months; and if the variance of the monthly CPI changes for a given month was different from the variance of the other months. The mean of monthly CPI changes for the entire data set (0.27%) was found to be significantly greater than zero. The means of monthly changes show a downward trend from September to December. When the data are sliced into three sub-periods, we find an increasing trend in the means and medians of monthly changes but a decreasing trend in the standard deviations of the monthly changes. The mean of monthly CPI changes during the Republican presidencies (0.15%) was significantly lower than during the Democratic presidencies (0.38%). A revised version of this paper has since been published in the journal Applied Economics. Please use this version in your citations. | en_US |
| dc.description.bibliographicCitation | Hamid, S. A. & Dhakar, T. S. (2008). The behavior of the US consumer price index 1913–2003: a study of seasonality in the monthly US CPI. Applied Economics, 40(13), 1637-1650 | en_US |
| dc.digSpecs | PDF/A-1b | en_US |
| dc.format.extent | 440365 bytes | en_US |
| dc.format.mediaType | application/pdf | en_US |
| dc.identifier.uri | https://hdl.handle.net/10474/1680 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Southern New Hampshire University | en_US |
| dc.relation.hasversion | doi: 10.1080/00036840600905159 | en_US |
| dc.relation.requires | Adobe Acrobat Reader | en_US |
| dc.rights | Routledge (Taylor & Francis Group) retain all ownership rights. Further reproduction in violation of copyright is prohibited | en_US |
| dc.rightsHolder | Routledge (Taylor & Francis Group) | |
| dc.subject.other | inflation | |
| dc.subject.other | consumer price index | |
| dc.subject.other | electoral process | |
| dc.subject.other | seasonality | |
| dc.title | The behavior of the Consumer Price Index : 1913 to 2003 | en_US |
| dc.type | Working Paper | en_US |