Two measures of core inflation : a comparison

Jim Dolmas and Evan F. Koenig

Trimmed-mean Personal Consumption Expenditure (PCE) inflation does not clearly dominate ex-food-and-energy PCE inflation in real-time forecasting of headline PCE inflation. However, trimmed-mean inflation is the superior communications and policy tool because it is a less-biased real-time estimator of headline inflation and because it more successfully filters out headline inflationâ€™s transitory variation, leaving only cyclical and trend components

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Year of publication:	February 25, 2019
Authors:	Dolmas, Jim ; Koenig, Evan F.
Publisher:	Dallas : Federal Reserve Bank of Dallas, Research Department
Subject:	inflation \| core inflation \| trimmed mean \| labor market slack \| real-time data \| Inflation \| Messung \| Measurement \| Verbraucherpreisindex \| Consumer price index \| Theorie \| Theory \| Kerninflation \| Core inflation

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Extent:	1 Online-Ressource (circa 20 Seiten) Illustrationen
Series:	Working paper / Federal Reserve Bank of Dallas, Research Department. - Dallas, Tex. : [Verlag nicht ermittelbar], ZDB-ID 2136192-7. - Vol. 1903 FRB of Dallas Working Paper ; No. 1903
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Classification:	E31 - Price Level; Inflation; Deflation ; E37 - Forecasting and Simulation ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012030059