The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper … constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass …, and more closely related to headline inflation over the next year. The weighted median also has a drawback: in most …

The paper develops robust measures of core inflation for Vietnam that can be used in policy making. These core … inflation measures (CIMs) are based on an analytical evaluation of the inflation process in Vietnam, and use a filtering … better. Among TMMs, 'one trim does not fit all periods'; periods of high and variable inflation require larger trims, and …

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize … is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting … headline inflation, assigns zero weight to import prices …

.S. headline inflation rate. This paper compares alternative approaches to filtering out the transitory effects of these industry … price changes and measuring the underlying or core level of inflation over 2020-2021. The Federal Reserve’s preferred … measure of core, the inflation rate excluding food and energy prices (XFE), has performed poorly: over most of 2020-21, it is …

Intuitively core inflation is understood as a measure of inflation where noisy price movements are avoided. This is … discarded. Therefore, we propose a new type of core inflation measure, one that takes simultaneously into account both …

This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and … uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role … does monetary policy play? and (ii) why has inflation in Vietnam been persistently higher than in most other emerging …

We present a newly developed Quarterly Projection Model (QPM) for Vietnam. This QPM represents an extended version of … the canonical New Keynesian semi-structural model, accounting for Vietnam-specific factors, including a hybrid monetary …

The paper develops a small New-Keynesian FPAS model for Vietnam. The model closely matches actual data from 2000 …-2014. We derive an optimal monetary policy rule that minimizes variability of output, inflation, and the exchange rate … achieve inflation stability, while allowing greater exchange rate flexibility. We analyze the dynamics of key macro variables …

shocks than the usual filtering techniques. It also produces smaller out-of-sample forecast errors for inflation. At the same …

The post-pandemic rise in consumer prices across the world has renewed interest in inflation dynamics after decades of … global disinflation. This paper provides a spatial investigation of inflation synchronicity at the city level in Lithuania … co-movement of city-level inflation rates—estimated using the instantaneous quasi-correlation approach—is significantly …