A simple adaptive measure of core inflation

This paper proposes a new measure of core inflation and compares it with several existing measures. The new measure is adaptive and is designed to track sudden and persistent movements inflation, such as those arising from changes in monetary policy regimes. the adaptive measure is a superior predictor of (locally) mean reverting components of inflation, and appears to filter out transients more effectively than existing measures.

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Year of publication:	1998
Authors:	Cogley, Timothy
Institutions:	Federal Reserve Bank of San Francisco
Subject:	Inflation (Finance) \| Prices

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Extent:	application/pdf
Series:	Working Papers in Applied Economic Theory.
Type of publication:	Book / Working Paper
Notes:	Number 98-06
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010702309