Results 1 to 10 of about 2,985,454 (343)
Euro area inflation and a new measure of core inflation
Research in Globalization, 2023 This paper introduces a new decomposition of euro area headline inflation into core, cyclical, and residual components. Our new core inflation measure, the structural core inflation rate, is the expected headline inflation, conditional to medium to long ...
Claudio Morana
doaj +2 more sources
Constructing U.K. Core Inflation [PDF]
Econometrics, 2013 The recent volatile behaviour of U.K. inflation has been officially attributed to a sequence of “unusual” price changes, prompting renewed interest in the construction of measures of “core inflation”, from which such unusual price changes may be down ...
Terence C. Mills
doaj +3 more sources
Core Inflation and Trend Inflation [PDF]
Review of Economics and Statistics, 2016 Abstract 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 persistence of the sectoral inflation ...
James H. Stock, Mark W. Watson
openaire +2 more sources
Core Measures of Inflation as Predictors of Total Inflation [PDF]
SSRN Electronic Journal, 2008 Policymakers tend to focus on core inflation measures because they are thought to be better predictors of total inflation over time horizons of import to policymakers. We find little support for this assumption. While some measures of core inflation are less volatile than total inflation, core inflation is not necessarily the best predictor of total ...
Theodore M. Crone +3 more
core +7 more sources
Core inflation indicators for Saudi Arabia [PDF]
Panoeconomicus, 2015 This paper constructs and analyzes core inflation indicators for Saudi Arabia for the period of March 2012 to May 2014 using two alternative approaches: the exclusion method (ex food and housing/rent) and the statistical method.
Alkhareif Ryadh M., Barnett William A.
doaj +2 more sources
Core inflation in a small transition country: choice of optimal measures [PDF]
The European Journal of Comparative Economics, 2005 Several non-monetary (mainly supply) factors affect prices in the short-run. It is widely acknowledged that in countries (especially countries in transition), where the price level is highly volatile and seasonal, it is not expedient for central banks to
Gagik G. Aghajanyan
doaj +2 more sources
Core Inflation in Iran: A maximum overlap discrete wavelet transformation (MOWT) and Multi Resolution Analysis (MRA) [PDF]
International Journal of Business and Development Studies, 2021 Identification of persistence component of inflation and prediction about future inflation structure is a crucial ingredient of an inflation targeting strategies or other related monetary policies.
Mohammad Hassan Saboori Deilami +1 more
doaj +1 more source
Separating Core Inflation from Temporary Components in Iran Using Kalman Filter [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2016 Sustaining long-term price stability, even when the central bank does not adopt an explicit inflation targeting policy, is known as the primary objective of monetary policy.
Nasrin Rezaee-Moghaddam +2 more
doaj +1 more source
Evaluating core inflation measures: A statistical inference approach
Latin American Journal of Central Banking, 2023 We propose a framework for consistently evaluating core inflation measures via a straightforward application of sound statistical inference principles. Under this framework, inflation measures (both headline and core) are regarded as estimators tracking ...
Juan Carlos Castañeda, Rodrigo Chang
doaj +1 more source
Monitoring core inflation [PDF]
Working paper (Federal Reserve Bank of Cleveland), 1993 An analysis of the use of limited-information estimators as measures of core inflation, showing that these estimators, such as the median of the cross-sectional distribution of inflation, have a higher correlation with past money growth and deliver improved forecasts of future inflation relative to the Consumer Price Index.
Michael F. Bryan, Stephen G. Cecchetti
openaire +2 more sources