) that answers this question. Unlike the existing theory on price indices (which is static and certain), the DPI measures the …

This Paper proposes an index of core inflation for the euro area which exploits information from a large panel of time … component of national inflation and disregarding the idiosyncratic one, we clean inflation from measurement error, discrepancies …

This paper introduces a new indicator of core inflation for New Zealand, estimated using a dynamic factor model and … core indicator with a wide range of other ‘core inflation’ measures estimated from disaggregate consumer prices, such as … the weighted median and the trimmed mean. The medium term inflation target of Reserve Bank of New Zealand is used as a …

In this paper we argue that measured (RPI) inflation is conceptually mismatched with core inflation: the difference is … more than just `measurement error'. We propose a technique for measuring core inflation based on an explicit long …-run economic hypothesis. Core inflation is defined as that component of measured inflation that has no (medium- to) long-run impact …

pronounced increase of aggregate US producer price inflation. …

ongoing, inflation uncertainty seems to play a large role. Finally, while modern finance theory prices bonds and other assets …

This paper investigates whether the quantity theory of money is still alive. We demonstrate three insights. First, for … countries with low inflation, the raw relationship between average inflation and the growth rate of money is tenuous at best … elasticities implied by theories of Baumol-Tobin and Miller-Orr. Finally, the sample after 1990 shows considerably less inflation …

This paper presents a theory of the monetary transmission mechanism in a monetary version of Farmer’s (2009) model in …