NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Nonpuzzling Behavior of Median Inflation

Laurence M. Ball, Sandeep Mazumder

NBER Working Paper No. 25512
Issued in January 2019

---- Acknowledgments ----

This paper was prepared for the XXII Annual Conference of the Central Bank of Chile in October 2018. Thank you to our discussant, Carlos Carvalho, and to conference attendees for their comments. We also thank Randy Verbrugge and Tristan Young for providing data, and Xu Liu and Jionglin Zhen for research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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