Center for Inflation Research

The Federal Reserve Bank of Cleveland is pleased to announce the launch of the Center for Inflation Research.

The Goal of the Center

The goal of the Center is to improve the understanding of policymakers, researchers, and the public about inflation and the factors that influence its behavior. The Center seeks to do this through a combination of expanded research, enhanced external communications detailed below, and a more visible annual, rather than biennial, research conference series on inflation. In addition, an advisory council of leading experts from the United States and abroad will integrate external perspectives into our efforts to make the Center a leading resource for readers whose interests range from being informed about inflation developments to learning about recent theoretical and empirical work analyzing the inflation process. A preview of some of what’s to come:

Research

• More research and analyses focused on inflation via our Economic Commentary series, research working papers, and shorter descriptive pieces

External communications

• A redesigned website with more data and indicators on national price trends, with commentary highlighting key series and providing details about their use and how they are constructed
• To complement the Cleveland Fed’s weighted median CPI and trimmed-mean CPI, the inclusion of additional measures of underlying inflation, such as the Dallas Fed’s trimmed mean PCE inflation rate and the New York Fed’s Underlying Inflation Gauge
• Ready access to other surveys providing measures of inflation expectations, such as the US Survey of Professional Forecasters and the ECB Survey of Professional Forecasters

Conferences

• The next installment of the Cleveland Fed’s Inflation: Drivers and Dynamics conference series will be held May 16–17, 2019—see the call for papers for this now-annual conference
• The Center will sponsor a session on inflation at the 2019 meeting of the Central Bank Research Association being held at Columbia University on July 19–20, 2019—submission details will be announced shortly.