منابع مشابه
Constructing Core Inflation Index for Russia
All opinions expressed here are those of the author and not those of the Economics Education and Research Consortium Research dissemination by the EERC may include views on policy, but the EERC itself takes no institutional policy positions The paper studies a possibility to construct a price index (" core inflation " index) for Russia, which is more appropriate for assessing monetary policy th...
متن کاملA common trends model of UK core inflation*
In this paper the long-run trend in RPI inflation (core inflation) for the UK over the 1961–1997 period is estimated within the framework of a multivariate common trends model which extends the bivariate VAR approach of Quah and Vahey (1995). In this context core inflation is directly linked to money and wage growth and interpreted as the long-run forecast of inflation from a small-scale, coint...
متن کاملPce Inflation and Core Inflation
This paper investigates the forecasting accuracy of the trimmed mean inflation rate of the Personal Consumption Expenditure (PCE) deflator. Earlier works have examined the forecasting ability of limited-influence estimators (trimmed means and the weighted median) of the Consumer Price Index but none have compared the weighted median and trimmed mean of the PCE. Also addressed is the systematic ...
متن کاملCore Inflation and Trend Inflation June 2015
An important input to monetary policymaking is estimating the current level of inflation. This paper examines empirically whether the measurement of trend inflation can be improved by using disaggregated data on sectoral inflation to construct indexes akin to core inflation but with a time-varying distributed lags of weights, where the sectoral weight depends on the timevarying volatility and p...
متن کاملInflation Targeting: The UK Experience
The views expressed are those of the author and do not reflect those of either the Bank of England or the Monetary Policy Committee.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Econometrics
سال: 2013
ISSN: 2225-1146
DOI: 10.3390/econometrics1010032