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Euro area inflation: aggregation bias and convergence

✍ Scribed by Joseph P. Byrne; Norbert Fiess


Book ID
106308537
Publisher
Springer-Verlag
Year
2010
Tongue
English
Weight
375 KB
Volume
146
Category
Article
ISSN
1610-2878

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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