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An alternative measure of core inflation

Pedersen, Michael (contributor) - 2005

the euro zone, but in the US the evidence is weaker. -- Core inflation ; trimmedmean ; Edgeworth index ; TMVC … named "Trim of Most Volatile Components (TMVC)". At each point of time this measure trims away the components of the price … index, which have been most volatile in the past. TMVC tracks trend inflation better than other core inflation measures in …

Persistent link: https://www.econbiz.de/10003221311

The FRBNY Staff Underlying Inflation Gauge : UIG

Amstad, Marlene; Potter, Simon M.; Rich, Robert W. - 2014

Monetary policymakers and long-term investors would benefit greatly from a measure of underlying inflation that uses all relevant information, is available in real time, and forecasts inflation better than traditional underlying inflation measures such as core inflation measures. This paper...

Persistent link: https://www.econbiz.de/10010404156

The FRBNY Staff Underlying Inflation Gauge : UIG

Amstad, Marlene - 2014

Monetary policymakers and long-term investors would benefit greatly from a measure of underlying inflation that uses all relevant information, is available in real-time, and forecasts inflation better than traditional underlying inflation measures such as core inflation measures. This paper...

Persistent link: https://www.econbiz.de/10013047554

The FRBNY Staff Underlying Inflation Gauge : UIG

Amstad, Marlene - 2014

Persistent link: https://www.econbiz.de/10013054722

Weighted Median Inflation Around the World : A Measure of Core Inflation

Ball, Laurence M.; Carvalho, Carlos Viana de; Evans, … - National Bureau of Economic Research - 2023

The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass level disaggregation of the CPI over 1990-2021, and...

Persistent link: https://www.econbiz.de/10014247953

An Underlying Inflation Gauge (UIG) for China

(PBC), The People's Bank of China - 2016

Inflation in China is driven by volatile yet persistent changes in food and energy prices, making it difficult for policymakers and investors to gauge the underlying inflation trend. Traditional core inflation measures either neglect or down-weight the more volatile subcomponents of the CPI and...

Persistent link: https://www.econbiz.de/10012979142

Weighted Median Inflation Around the World : A Measure of Core Inflation

Ball, Laurence M.; Carvalho, Carlos Viana de; Evans, … - 2023

Persistent link: https://www.econbiz.de/10014256872

Developing an underlying inflation gauge for China

Amstad, Marlene; Huan, Ye; Ma, Guonan - 2014

The headline consumer price index (CPI) is often considered too noisy, narrowly defined, and/or slowly available for policymaking. On the other hand, traditional core inflation measures may reduce volatility but do not address other issues and may even exclude important information. This paper...

Persistent link: https://www.econbiz.de/10010412468

Relative Prices, Inflation and Core Inflation

Roger, Scott - 2006

Empirical evidence on the distribution of relative price changes almost invariably reveals high kurtosis and a tendency toward right-skewness. Simple mixed distribution models including volatile and infrequently adjusted prices can account for these and other common features, such as correlation...

Persistent link: https://www.econbiz.de/10012782895

Measuring Core Inflation : Notes from a 2007 Dallas Fed Conference

Wynne, Mark A. - 2011

In May 2007, the Federal Reserve Bank of Dallas hosted a conference, organized with the Federal Reserve Bank of Cleveland, titled "Price Measurement for Monetary Policy." The conference broadly focused on two issues - the measurement of core inflation and the measurement of inflation...

Persistent link: https://www.econbiz.de/10013131747