Can urban coffee consumption help predict U.S. inflation?
Salisu, A. A., Swaray, R., & Adediran, I. A. (in press). Can urban coffee consumption help predict U.S. inflation?. Journal of forecasting, https://doi.org/10.1002/for.2589
Motivated by the importance of coffee to Americans and the significance of the coffee subsector to the US economy, we pursue three notable innovations. First, we augment the traditional Phillips curve model with the coffee price as a predictor, and s... Read More