This article examines the relationship between the ‘exclusion’ type Core Inflation (<italic>CI</italic>) measures and the stability price index. Empirical results for Malaysia and Pakistan suggest that if targeting <italic>CI</italic> index is to stabilize output, weights of the export-oriented sectors (energy for Malaysia...

This paper investigates the relationship between parameters of stable distributions and characteristics of speculative processes. An empirically feasible estimation method of parameters of speculative processes through a conversion from stable distribution parameters is suggested.