Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 21, 2021 erstellt
Description:
I demonstrate how to use a basic clustering algorithm to identify different inflation regimes over time. I compare the regimes for both headline and core US inflation. At the time of writing, core inflation did not change regime unlike headline inflation, which includes food and oil prices. This analysis suggests that supply-side factors might be driving inflation dynamics. Therefore, it is quite likely that in the near term core inflation might change regime, too