Measuring Underlying Inflation
نویسنده
چکیده
The primary goal of monetary policy in most countries is low infl ation. And a major consideration for the monetary policy decision is the forecast for infl ation over the next couple of years. One important input into these forecasts is a judgment on the current level of infl ationary pressures. But, unfortunately, the data for headline infl ation released each quarter (in Australia) or each month (in many other countries) are quite noisy, by almost any standard.
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