This paper undertakes an empirical investigation concerning the performance of the traditional measure of core inflation in recent years. It considers the group of G7 countries and explores both the high-frequency and the low-frequency relations between overall inflation and core inflation. It...

In this paper we undertake an empirical investigation concerning the performance of the traditional measure of core inflation in recent years. We consider the group of G7 countries and explore both the high-frequency and the low-frequency relations between overall inflation and core inflation....

This paper undertakes an empirical investigation concerning the performance of the traditional measure of core inflation in recent years. It considers the group of G7 countries and explores both the high frequency and the low-frequency relations between overall inflation and core inflation. It...