Core Inflation Rates: A Comparison of Methods Based on West German Data

Landau, Bettina

doi:10.2139/ssrn.2785110

Cited by 4 publications

(2 citation statements)

References 20 publications

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“…They measured various core inflations by applying exclusion methods, median and exponentially smoothing methods. In similar line, Landau (2000), in Germany data, have found very poor outcome from core inflation. Hence, he advises that it would be better not to use core inflation rate as the sole monetary policy indicators , but he agrees that core inflations are useful supplement to measured inflation.…”

Section: International Experiences and Empirical Evidencementioning

confidence: 63%

“…Though there is a widespread consensus that monetary policy should focus on underlying inflation, there is no unique way of measuring underlying inflation similar to its definition. It is not a variable that can be observed directly, but it has to be estimated (Landau, 2000). In the literature, there are broadly following methods found 4 .…”

Section: Methodological Discussionmentioning

confidence: 99%

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Some Measures of Core Inflation and Their Evaluations in Nepal

Shrestha¹

2006

NRB Econ. Rev.

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This paper measures core inflation and evaluates their performance in Nepal. Concept of core inflation and survey of methodologies as well as international experiences and empirical evidence have been reviewed and analysed before measuring the core inflation in Nepal. An existence of asymmetric price distribution necessitates the alternative measure of inflation in place of traditional CPI-based headline inflation. Ultimately, by using exclusion method and stochastic measures, nine different types of core inflations have been computed. Empirical results show that core inflations perform better than the headline inflation in several aspects such as having less volatility, highly relating to money supply growth, and capturing the permanent component of headline inflation. Better core inflation is selected with the help of different performance criteria such as observing statistical properties, tracking trend inflation, finding the relationship with money supply, and the analysing the ability of capturing permanent component and forecasting capacity. However, no single core measure performs better in all aspects. Hence, a set of core inflation measures, namely exclusion based, weighted median and trimmed mean should be analysed in conducting the monetary policy in Nepal.

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Section: International Experiences and Empirical Evidencementioning

confidence: 63%

Section: Methodological Discussionmentioning

confidence: 99%

Some Measures of Core Inflation and Their Evaluations in Nepal

Shrestha¹

2006

NRB Econ. Rev.

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Global imbalances and long-term interest rates

Kienzler

2011

Balanced Growth

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Faiz Oranları, Döviz Kurları ve Çekirdek Fiyat Endeksleri Arasındaki Dinamik İlişkiler: Türkiye Örneği

Kofoğlu¹,

Küçükkale

Yamak

2018

Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi

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Bu çalışmada çekirdek fiyat endeksleri (A, B, C, D) ve TÜFE ile Faiz, USD ve EURO arasındaki dinamik ilişkiler Türkiye'nin 2003Q1-2016Q4 dönemi için araştırılmıştır. Bu bağlamda değişkenler arasındaki ilişki, birim kök, eş-bütünleşme ve nedensellik testleri ile analiz edilmiştir. Elde edilen analiz sonuçlarına göre çekirdek fiyat endeksi A ile Faiz-USD ve Faiz-Euro; Çekirdek Fiyat endeksi C ile Faiz-USD ve Faiz-Euro; çekirdek fiyat endeksi D ile Faiz-EURO arasında eşbütünleşme ilişkisi belirlenmiştir. Nedensellik analizine göre USD'den Faize doğru tek yönlü ve EURO ile Faiz arasında ise çift yönlü bir nedensellik ilişkisi tespit edilmiştir. Ayrıca, Euro'dan çekirdek fiyat endeksi A, C ve D'ye tek yönlü bir nedensellik ilişkisi olduğu görülmüştür. Sonuç olarak EURO'dan çekirdek fiyat endeksi A, C ve D' ye geçişkenlik olduğu sonucuna ulaşılmıştır.

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Core Inflation Rates: A Comparison of Methods Based on West German Data

Cited by 4 publications

References 20 publications

Some Measures of Core Inflation and Their Evaluations in Nepal

Some Measures of Core Inflation and Their Evaluations in Nepal

Global imbalances and long-term interest rates

Faiz Oranları, Döviz Kurları ve Çekirdek Fiyat Endeksleri Arasındaki Dinamik İlişkiler: Türkiye Örneği

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