On the Anatomy of Inflation: The Variability of Relative Commodity Prices in Argentina

Relative-Price Changes as Aggregate Supply Shocks

“…In addition to Vining and Elwertowski, examples include Batchelor (1981), Blejer (1983, Marquez and Vining (1984), and Mizon, Safford, and Thomas (1990).…”

Owning Up to Uncertainty in Macroeconomics

“…In it, the variance of relative prices is related to the level of general inflation, or, more perceptively, to the unexpected part of inflation or money growth generally obtained as univariate or vector autoregression residuals. The survey by Alex Cukierman (1983) and additional articles by Mario Blejer (1983) and George Katsimbris (1985) cover most of this literature and its techniques to date.…”

Improving the measurement of core inflation in Colombia using asymmetric trimmed means

“…The author acknowledges helpful suggestions from Stephen Ceccheti, Luis Fernando Melo, Javier Gómez, Juan Carlos Echeverry and participants in the Banco de la República seminar. 2 See, for example, Rae (1993) on New Zealand, Mizon et al (1990) on the UK, Ball and Mankiw (1995) on the US, Blejer (1983) for Argentina and Jaramillo and Córdoba (1997) on Colombia. 3 Bryan and Ceccheti (1993b) have also proposed an alternative inflation index derived from a dynamic factor model, which corrects some of the CPI's weighting bias.…”