Measuring Inflation

This note focusses on key issues - both conceptual and practical - with regard to the measurement of inflation such as the tradeoff between different measures and the incorporation of prices not fully determined by market forces of supply and demand. It also draws on a recent survey of emerging market economy central banks conducted by the BIS to highlight specific issues faced by these economies and how the resulting inflation indices differ across countries.Full Publication: 'http://ssrn.com/abstract=2870167' Inflation Mechanisms, Expectations and Monetary Policy