 | Weighted Median Inflation Around the World: A Measure of Core Inflation Author/Editor: Laurence M Ball, Carlos Carvalho, Christopher Evans, Luca A Ricci. Release Date:February, 2023 The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper constructs an alternative measure, the weighted median inflation rate, for 38 more...
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 | Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification Author/Editor: Carlos Carvalho, Gee Hee Hong, Jing Zhou. Release Date:June, 2017 Product scope adjustment is a key mechanism through which multi-product firms achieve efficient resource allocations. In this paper, we take a novel perspective to study firms’ product scope more...
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