Core Inflation: Robust Common Trend Model Forecasting
نویسندگان
چکیده
منابع مشابه
Core 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...
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4 Non-technical summary 5
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This paper introduces a new model of trend inflation. In contrast to many earlier approaches, which allow for trend inflation to evolve according to a random walk, ours is a bounded model which ensures that trend inflation is constrained to lie in an interval. The bounds of this interval can either be fixed or estimated from the data. Our model also allows for a time-varying degree of persisten...
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ژورنال
عنوان ژورنال: Brazilian Review of Econometrics
سال: 2004
ISSN: 1980-2447
DOI: 10.12660/bre.v24n22004.2710