This paper provides an overview of statistical measurement issues relating to alternative measures of core inflation …

Against the backdrop of an ongoing review of the inflation-targeting framework, this paper examines the real …-time inflation forecasts of the Bank of Canada with the aim of identifying potential areas for improvement. Not surprisingly, the … results show that errors in forecasting non-core inflation (commodity prices et cetera) are found to be the largest …

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 presents a basic plan for developing a Forecast and Policy Analysis System designed to support an inflation …

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 …

This study examines the macroeconomic determinants of survey inflation expectations in Brazil since the adoption of … inflation targeting in 1999. The results suggest that the inflation targeting framework has helped anchor expectations, with the … dispersion of inflation expectations declining considerably, particularly during periods of high uncertainty. We also find that …

This paper highlights that central banks from Brazil, Chile, Colombia, Mexico, and Peru (the LA5 countries) reaped the …