Atuk, Oguz; Ozmen, M. Utku; Sevinc, Orhun - In: Central Bank Review 13 (2013) 1, pp. 51-82
In this study, we first discuss the issues of treatment of seasonal items in consumer price indices (CPI), strong seasonality and unpredictable volatility. Later we examine the effect of selected seasonal treatment methods on the volatility of Laspeyres-type CPI for the first time using a unique...