Bagliano, Fabio; Golinelli, Roberto; Morana, Claudio - In: Applied Economics Letters 9 (2002) 6, pp. 353-357
Using a common trends model, a forward-looking 'core' inflation measure is estimated for the Euro area based on long-run relations among major macroeconomic variables, bearing the interpretation of long-run inflation forecast. The proposed measure may be particularly suitable for the...