Bagliano, Fabio C.; Morana, Claudio - In: Empirical Economics 28 (2003) 1, pp. 157-172
In this paper the long-run trend in RPI inflation (core inflation) for the UK over the 1961–1997 period is estimated …). In this context core inflation is directly linked to money and wage growth and interpreted as the long-run forecast of … inflation from a small-scale, cointegrated macroeconomic system. Copyright Springer-Verlag Berlin Heidelberg 2003 …