We have studied the stability and accuracy of the advection phase calc
ulation of the Cubic Interpolated Propagation scheme, which solves the
universal hyperbolic equation. An advection equation with a constant
velocity field is examined using Fourier analysis. The results show th
at the scheme is stable, the group velocity is almost constant, and th
e gain is near unity for a wide range of wave numbers. The low dissipa
tion and dispersion of the scheme result from an approximation that us
es nodal values of both physical quantities and their spatial derivati
ves.