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Euro area inflation and a new measure of core inflation

open access: yesResearch 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   +6 more sources

Constructing U.K. Core Inflation [PDF]

open access: yesEconometrics, 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

Evaluating core inflation measures: A statistical inference approach

open access: yesLatin 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   +3 more sources

Core Inflation in Iran: A maximum overlap discrete wavelet transformation (MOWT) and Multi Resolution Analysis (MRA) [PDF]

open access: yesInternational 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]

open access: yesFaslnāmah-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

Inflation and Inflation Differentials in Core Eurozone Countries

open access: yesEconomic Themes, 2022
Abstract The paper analyzes the convergence of inflation rates in the group of more developed members of the Eurozone (core countries). What are the characteristics and is the inflation process in these countries sufficiently homogeneous?
Popović, Svetlana   +2 more
openaire   +2 more sources

Core Inflation and Trend Inflation [PDF]

open access: yesReview 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   +1 more source

Core inflation indicators for Saudi Arabia [PDF]

open access: yesPanoeconomicus, 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   +1 more source

Core Measures of Inflation as Predictors of Total Inflation [PDF]

open access: yesSSRN 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
openaire   +3 more sources

Key Function of the Bank of Russia: Contradictions and Problems

open access: yesВестник Российского экономического университета имени Г. В. Плеханова, 2021
The article examines the most important categories, mechanisms, and instruments of the monetary policy of the Bank of Russia from the point of view of both its development and its implementation.
V. I. Karpunin, T. S. Novashina
doaj   +1 more source

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