A Volatility and Persistence|Based Core Inflation

A Volatility and Persistence-Based Core Inflation

Intuitively core inflation is understood as a measure of inflation where noisy price movements are avoided. This is typically achieved by either excluding ...

A Volatility and Persistence-Based Core Inflation

We propose a new type of core inflation measure, one that takes simultaneously into account both volatility and persistence.

A Volatility and Persistence-Based Core Inflation - IDEAS/RePEc

The non equivalence between volatility and (the lack of) persistence implies that when one excludes volatile items relevant information is likely to be ...

(PDF) A Volatility and Persistence Based Core Inflation

PDF | Intuitively core inflation is understood as a measure of inflation where noisy price movements are avoided. This is typically achieved by either.

(PDF) A Volatility and Persistence-Based Core Inflation

Thus, this paper proposes a new methodology for building core inflation measures: one that ; takes into account simultaneously ; weights of each item is not only ...

A Volatility and Persistence-Based Core Inflation - Tito Nícias ...

Intuitively core inflation is understood as a measure of inflation where noisy price movements are avoided. This is typically achieved by either excluding ...

Holdings: A Volatility and Persistence-Based Core Inflation /

A Volatility and Persistence-Based Core Inflation / Tito Nicias Teixeira da Silva Filho, Francisco Marcos Rodrigues Figueiredo. Intuitively core inflation ...

[PDF] A Volatility and Persistence-Based Core Inflation | Semantic ...

Intuitively core inflation is understood as a measure of inflation where noisy price movements are avoided. This is typically achieved by either excluding ...

Persistence and Volatility-weighted Measures of Core Inflation for ...

Unlike exclusion-based measures which remove food and fuel entirely from core inflation, the proposed core measures, using alternative weighting schemes, ...

CORE INFLATION AND TREND INFLATION - Princeton University

varying volatility and persistence of the sectoral inflation series and on the comovement among sectors. The modeling framework is a dynamic factor model ...

Measurement and Theory of Core Inflation

Importantly, it is based on the observation that food and energy prices are typically more volatile than other items in the price index and therefore likely ...

A proposal for constructing and evaluating core inflation measures

We believe our approach is appealing because it considers an explicit loss function that combines multiple “targets” based on statistical ...

Comparing Measures of Core Inflation

Quarterly and 12-month inflation rates are calculated from a monthly index based on the inflation rate of the CPI ex 8 components. ECONOMIC REVIEW • SECOND ...

Core vs. Headline Inflation Targeting in Models with Incomplete ...

flexible headline targeting are even higher if shocks are more persistent and highly volatile. Of course, in the case of an advanced economy like the U.S. ...

Measuring Inflation: Headline, Core and 'Supercore' Services

... volatile when core ... inflation with sophisticated statistical techniques that seek to model the persistent component of inflation.

Core inflation - Wikipedia

One way of accomplishing this is by excluding items frequently subject to volatile prices, like food and energy. ... This index is based on a dynamic consumption ...

Weighted Median Inflation Around the World: A Measure of Core ...

We also consider a measure of core inflation that eliminates this bias, which is based on the percentile of sectoral inflation rates that matches the sample ...

Measuring Core Inflation - IDEAS/RePEc

A potential drawback of such measures is that they are necessarily atheoretic - based largely on purely statistical procedures. This paper proposes an ...

The global component of inflation volatility - Temi di discussione

conclude that there has been a fall in level, persistence and volatility of inflation across ... of core inflation level and volatility leaves scope for national ...

Core inflation: a measure of inflation for policy purposes

The most widely known Canadian measure based on this approach is the consumer price index excluding food, energy and indirect taxes (CPIxFET). The consumer ...