Median Price Changes: An Alternative Approach to Measuring Current Monetary Inflation
- 1 December 1991
- journal article
- Published by Federal Reserve Bank of Cleveland in Economic Commentary (Federal Reserve Bank of Cleveland)
- No. December 1,p. 1-4
- https://doi.org/10.26509/frbc-ec-19911201
Abstract
Price movements are the channel through which market information is transmitted. An increase in one price relative to others is the signal that directs resources and rations consumption. In other words, markets operate through the distribution of prices.Keywords
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