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Do core inflation measures help forecast inflation?

✍ Scribed by Donald G Freeman


Book ID
117333089
Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
39 KB
Volume
58
Category
Article
ISSN
0165-1765

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Standard measures of prices are often contaminated by transitory shocks. This has prompted economists to suggest the use of measures of underlying inflation to formulate monetary policy and assist in forecasting observed inflation. Recent work has concentrated on modelling large data sets using fact