Castanñeda, Juan Carlos; Chang, Rodrigo - In: Latin American journal of central banking : LAJCB 4 (2023) 4, pp. 1-19
approximating true (or trend) inflation as some moving average of the observed headline inflation. Instead, we regard trend … inflation measures are estimators of trend inflation based on particular samples of consumer price changes. Hence, the … inflation as the unobserved inflation rate that corresponds to the whole population of consumer price changes while the observed …