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Year of publication
Subject
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Consumer price index 1 Erzeugerpreisindex 1 Estimation 1 Forecasting model 1 Inflation 1 Producer price index 1 Prognoseverfahren 1 Schätzung 1 Theorie 1 Theory 1 Verbraucherpreisindex 1
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Free 1
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Book / Working Paper 1
Language
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English 1
Author
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Bryan, Michael F. 1 Cecchetti, Stephen G. 1 Wiggins, II, Rodney L. 1
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NBER Working Paper 1
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ECONIS (ZBW) 1
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Efficient Inflation Estimation
Bryan, Michael F.; Cecchetti, Stephen G.; Wiggins, II, … - 2021
This paper investigates the use of trimmed means as high-frequency estimators of" inflation. The known characteristics of price change distributions, specifically the observation" that they generally exhibit high levels of kurtosis, imply that simple averages of price data are" unlikely to...
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