haku: @indexterm inflation / yhteensä: 1175
viite: 422 / 1175
| Tekijä: | Quah, D. Vahey, S. |
| Otsikko: | Measuring core inflation |
| Lehti: | Economic Journal
1995 : SEP, VOL. 105:432, p. 1130-1144 |
| Asiasana: | ECONOMICS MEASUREMENT INFLATION |
| Kieli: | eng |
| Tiivistelmä: | In this paper the authors argue that measured (RPI) inflation is conceptually mismatched with core inflation. The difference is more than just "measurement error". The authors propose a technique for measuring core inflation , based on an explicit long-run economic hypothesis. Core inflation is defined like a component of measured inflation that has no (medium-to) long-run impact on red output - a notion that is consistent with the vertical long-run Phillips curve interpretation of the comovements in inflation and output. |
SCIMA