Autori:
Rather, Sartaj Rasool,
Durai, S. Raja Sethu,
Ramachandran, M.Titolo:
On the methodology of measuring core inflation Periodico:
Economic notesAnno:
2016 - Volume:
45 - Fascicolo:
2 - Pagina iniziale:
271 - Pagina finale:
282We propose a new methodology to construct core inflation which is, unlike other conventional methods, not based on ad hoc elimination/trimming of prices. The empirical results suggest that the proposed measure of core inflation is highly correlated with headline inflation and is noise free; hence less volatile. The underlying inflation derived from such method is found to be a powerful leading indicator of headline inflation while other conventional measures do not seem to reflect such fundamental property of core inflation.
SICI: 0391-5026(2016)45:2<271:OTMOMC>2.0.ZU;2-N
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