Mills, Terence C. - In: Econometrics : open access journal 1 (2013) 1, pp. 32-52
The recent volatile behaviour of U.K. inflation has been officially attributed to a sequence of “unusual” price changes …, prompting renewed interest in the construction of measures of “core inflation”, from which such unusual price changes may be … down-weighted or even excluded. This paper proposes a new approach to constructing core inflation based on detailed …
