Measurement and theory of core inflation

Martin Almuzara, Argia Sbordone

We discuss the concept of core inflation and its relevance for policymakers and then review a variety of approaches that have been pursued for the construction of informative core measures. After illustrating some empirical patterns displayed by U.S. inflation data and discussing conceptual issues around measurement, we provide a unified framework to interpret various widely used core measures and compare their relative properties.

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Year of publication:	[2024]
Authors:	Almuzara, Martin ; Sbordone, Argia M.
Publisher:	[New York, NY] : Federal Reserve Bank of New York
Subject:	inflation \| core inflation \| Theorie \| Theory \| Inflation \| Messung \| Measurement \| Kerninflation \| Core inflation

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Extent:	1 Online-Ressource (circa 29 Seiten) Illustrationen
Series:	Staff reports / Federal Reserve Bank of New York. - New York, NY : [Verlag nicht ermittelbar], ZDB-ID 2189304-4. - Vol. no. 1115 (August 2024)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	10.59576/sr.1115 [DOI] hdl:10419/302213 [Handle]
Classification:	E31 - Price Level; Inflation; Deflation ; E32 - Business Fluctuations; Cycles ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10015051935