Data Exploration

Data Exploration

Video: Introduction to FRED
https://fredqa.stlouisfed.org/2014/02/27/video-introduction-to-fred/

Money and Banking – FRED Lessons
http://www.moneyandbanking.com/fred-lessons
2. Compare long~run market expectations of inflation 1.
sure or OPE-year-ahead inflation expectations. Starting with Explorationproblem 1, add as a second line the Universityof
measure of inflation expectations (FRED code: MICH). Why might sures differ systematically? (Lo4

3. How does the variability of annual inflation-an indicator of inflation riskchange over time? Graph the percent change from a year ago of the consumer price index (FRED code: CPIAUCSL) since 1990 and visually compare the decades of the 19905. the 20008. and the period that began in 2010. (Lo4)

4. Download the. data from the graph that you produced in Data Exploration Problem 3. Calculate the standard deviation of the annual inflation rate for the three time periods and compare these results against your visual assessment from Data
Exploration Problem 3. (Lo4

5. Economists sometimes exclude food and energy prices from the “headline” con-umer price index and use the resulting “core” price measure to assess inflation prospects. For the period since I990. plot on one graph the percent change from
a year ago of the consumer price index ( FR‘iD code: .CPIAUCSL)‘ and the PB“ cent change front a year ago of the consur r price index etgudrgég flenergy