A Robust Measure of Core Inflation in New Zealand, 1949-96
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چکیده
منابع مشابه
A Robust Measure of Core Inflation in New Zealand, 1949-96
This paper develops a stochastically-based method of measuring core inflation. The approach exploits the persistent tendency towards high kurtosis evident in the cross-sectional distribution of consumer price changes evident in New Zealand and elsewhere. High kurtosis makes the sample mean a less efficient and less robust estimator of the population, or underlying, mean price change than is an ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2002
ISSN: 1556-5068
DOI: 10.2139/ssrn.321785