{"id":"https://openalex.org/W2032968271","doi":"https://doi.org/10.2307/1991899","title":"Temporal Variability of United States Consumer Price Index","display_name":"Temporal Variability of United States Consumer Price Index","publication_year":1981,"publication_date":"1981-08-01","ids":{"openalex":"https://openalex.org/W2032968271","doi":"https://doi.org/10.2307/1991899","mag":"2032968271"},"language":"en","primary_location":{"id":"doi:10.2307/1991899","doi":"https://doi.org/10.2307/1991899","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1991899","pdf_url":null,"source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"William A. Gale","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"William A. Gale","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3800,"currency":"USD","value_usd":3800},"apc_paid":null,"fwci":2.7177,"has_fulltext":false,"cited_by_count":18,"citation_normalized_percentile":{"value":0.90497636,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":null,"biblio":{"volume":"13","issue":"3","first_page":"273","last_page":"273"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/consumer-price-index","display_name":"consumer price index","score":0.8349999785423279},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.5540000200271606},{"id":"https://openalex.org/keywords/cost-of-inflation","display_name":"inflation costs","score":0.7680000066757202},{"id":"https://openalex.org/keywords/inflation-expectations","display_name":"inflation expectations","score":0.7860000133514404},{"id":"https://openalex.org/keywords/transaction-costs","display_name":"transaction costs","score":0.9769999980926514},{"id":"https://openalex.org/keywords/welfare-effects-of-inflation","display_name":"welfare effects of inflation","score":0.6389999985694885},{"id":"https://openalex.org/keywords/money-holdings","display_name":"money holdings","score":0.5329999923706055},{"id":"https://openalex.org/keywords/long-term-contracts","display_name":"long-term contracts","score":0.5680000185966492},{"id":"https://openalex.org/keywords/united-states","display_name":"United States","score":0.4580000042915344}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6953350305557251},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6828614473342896},{"id":"https://openalex.org/C154815372","wikidata":"https://www.wikidata.org/wiki/Q1140421","display_name":"Real interest rate","level":3,"score":0.6006539463996887},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5654337406158447},{"id":"https://openalex.org/C98965940","wikidata":"https://www.wikidata.org/wiki/Q877496","display_name":"Transaction cost","level":2,"score":0.5604168772697449},{"id":"https://openalex.org/C187452473","wikidata":"https://www.wikidata.org/wiki/Q2897903","display_name":"Goods and services","level":2,"score":0.5297763347625732},{"id":"https://openalex.org/C2778083465","wikidata":"https://www.wikidata.org/wiki/Q693464","display_name":"Cash","level":2,"score":0.5024375915527344},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.434894859790802},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.42524459958076477},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.260695219039917},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2098846733570099},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.10249218344688416},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2307/1991899","doi":"https://doi.org/10.2307/1991899","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1991899","pdf_url":null,"source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:mcb:jmoncb:v:13:y:1981:i:3:p:273-97","doi":null,"is_oa":false,"landing_page_url":"http://links.jstor.org/sici?sici=0022-2879%28198108%2913%3A3%3C273%3ATVOUSC%3E2.0.CO%3B2-N&origin=bc","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":13,"referenced_works":["https://openalex.org/W1536488185","https://openalex.org/W1967283719","https://openalex.org/W1971231203","https://openalex.org/W2046711633","https://openalex.org/W2072309817","https://openalex.org/W2074889572","https://openalex.org/W2076301377","https://openalex.org/W2087851280","https://openalex.org/W2087854499","https://openalex.org/W2095099289","https://openalex.org/W2320430429","https://openalex.org/W3121875439","https://openalex.org/W3124845813"],"related_works":["https://openalex.org/W2243809650","https://openalex.org/W1508590233","https://openalex.org/W2145158675","https://openalex.org/W4378610436","https://openalex.org/W776218441","https://openalex.org/W2123346877","https://openalex.org/W3121833458","https://openalex.org/W2037938010","https://openalex.org/W1538524128","https://openalex.org/W3020462505"],"abstract_inverted_index":{"WITH":[0],"THE":[1],"INCREASED":[2],"LEVELS":[3],"OF":[4],"INFLATION":[5],"in":[6,10,18,55,79,99,114,146,190],"the":[7,11,19,42,67,70,86,95,100,139,150,154,203],"United":[8],"States":[9],"1970s":[12],"has":[13],"come":[14],"an":[15,35,64,72,76,120],"increased":[16],"interest":[17,175],"possible":[20],"costs":[21,31,117,125,134,180],"of":[22,66,69,94,141,143,157,171,205,213,218],"inflation.":[23,122],"It":[24],"is":[25,37,52,89,97,189],"generally":[26],"agreed":[27],"that":[28,111,126],"if":[29,34,41,85],"transaction":[30,124,169],"are":[32,113,132,181],"zero,":[33],"inflation":[36,43,87,130,186],"fully":[38],"anticipated,":[39],"and":[40,47,103,153,211],"affects":[44],"all":[45],"goods":[46,206],"services":[48,210],"equally,":[49],"then":[50],"there":[51,112],"no":[53],"change":[54],"individual":[56],"or":[57,193],"aggregate":[58],"welfare":[59],"[23,":[60],"chap.":[61],"91":[62],"As":[63],"example":[65],"thrust":[68],"contention,":[71],"equitable":[73],"contract":[74],"for":[75,119,149],"income":[77],"fixed":[78],"nominal":[80],"terms":[81],"can":[82],"be":[83,166],"drawn":[84],"rate":[88],"correctly":[90],"anticipated.":[91],"However,":[92],"each":[93],"conditions":[96],"violated":[98],"real":[101],"world,":[102],"some":[104],"economists":[105],"[":[106],"1,":[107],"21":[108],"1":[109],"argue":[110],"fact":[115,191],"appreciable":[116],"even":[118],"anticipated":[121,129],"Suggested":[123],"increase":[127,184],"with":[128,185,216],"rates":[131],"greater":[133],"from":[135,160],"holding":[136],"less":[137],"money,":[138],"weakening":[140],"usefulness":[142],"past":[144],"experience":[145],"repeated":[147],"transactions":[148],"same":[151],"goods,":[152],"corresponding":[155],"diversion":[156,217],"managerial":[158],"talent":[159],"production":[161,204],"to":[162,173,183,195,209],"procurement.":[163],"There":[164],"would":[165],"a":[167],"large":[168],"cost,":[170],"course,":[172],"pay":[174],"on":[176],"cash":[177],"holdings.":[178],"Other":[179],"argued":[182],"because":[187],"it":[188],"difficult":[192],"impossible":[194],"make":[196],"appropriate":[197],"institutional":[198],"arrangements.":[199],"These":[200],"include":[201],"increasing":[202],"as":[207],"opposed":[208],"avoidance":[212],"long-term":[214],"contracts,":[215]},"counts_by_year":[],"updated_date":"2026-09-29T14:09:16.559479","created_date":"2016-06-24T00:00:00"}