Results 271 to 280 of about 2,389,441 (303)

Measurement and theory of core inflation

Staff Reports (Federal Reserve Bank of New York)
We discuss the concept of core inflation and its relevance for policymakers and then review a variety of approaches that have been pursued for the construction of informative core measures. After illustrating some empirical patterns displayed by U.S. inflation data and discussing conceptual issues around measurement, we provide a unified framework to ...
Almuzara, Martin, Sbordone, Argia M.
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Core inflation for India

Journal of Asian Economics, 2007
Abstract In this study, a variety of core inflation measures are constructed using exclusion method, limited influence method, and a common trends model. We examine certain desirable properties of estimated core inflation and present evidence against the use of those measures obtained from exclusion and limited influence methods as an indicator of ...
S. Raja Sethu Durai, M. Ramachandran
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A Statistical Measure Of Core Inflation [PDF]

, 1999
This paper examines alternative statistically-based measures of core inflation in Ireland over the period 1976-1999. A highly disaggregated (approximately 500 price series) dataset from the Irish HICP is used. The distribution of quarterly price changes is shown, in common with other international studies, to be highly kurtotic (i.e., fat-tailed) and ...
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An alternative measure of core inflation [PDF]

, 2005
We combine the ideas of the trimmed mean and the Edgeworth index to construct an alternative measure of core inflation named Trim of Most Volatile Components (TMVC). At each point of time this measure trims away the components of the price index, which have been most volatile in the past.
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How Useful is Core Inflation for Forecasting Headline Inflation? [PDF]

Economic and Social Review, 2006
The paper constructs various core inflation measures. These include various trimmed means using highly disaggregated data and a structural VAR estimate of core inflation for Ireland. The ability of these core inflation measures to forecast future headline inflation is compared using a simple regression model.
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Core inflation

Journal of Macroeconomics, 1982
Donald Lawrence Davis, Otto Eckstein
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Evaluating Core Inflation [PDF]

, 2001
This paper proposes testable conditions that core inflation measures should satisfy. Trend inflation indicators calculated by Banco de Portugal are tested against this background. The major conclusion is that the so-called "underlying inflation", the "10% trimmed mean", and the "25% trimmed mean" do not meet the proposed conditions.
C.R. Marques, P.D. Neves, L.M. Sarmento
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Core Inflation and Inflation Targeting in a Developing Economy [PDF]

, 2002
This paper is concerned with inflation targeting as a potential monetary policy objective in a developing economy. Using data from Nicaragua, it first studies the extent to which the Consumer Price Index (CPI) could be used to formulate short-run inflation targets.
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Core Inflation in the UK [PDF]

, 2001
This paper presents a new measure of core inflation for the UK based on the idea that it is the persistence of individual inflation rates which matters in measuring the level of underlying inflation. The measure is based on the same components as RPIX, but it weights individual price changes by their past persistence, instead of their importance in ...
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Measuring core inflation [PDF]

, 2006
Under the Policy Targets Agreement, the Reserve Bank is required to keep future CPI inflation outcomes between 1 percent and 3 percent on average over the medium term. The headline CPI inflation rate provides some information on the strength of current and future inflation pressures, but can often be clouded by temporary fluctuations.
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