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An evaluation of some measures of core inflation for the euro area

Vega, Juan Luis; Wynne, Mark A. - European Central Bank - 2001

We examine two measures of core inflation which have been proposed in recent years: the limited-influence estimators of core inflation pioneered by Bryan and Cecchetti (1994); and the Edgeworth or variance-weighted price index discussed by Diewert (1995). We compare these measures with...

Persistent link: https://www.econbiz.de/10005816242

Measurement bias in the HICP: what do we know, and what do we need to know?

Wynne, Mark A.; Rodriguez-Palenzuela, Diego - European Central Bank - 2002

The Harmonized Index Of Consumer Prices (HICP) is the primary measure of inflation in the euro area, and plays a … stability as prevailing at some positive measured inflation rate is the possibility that the HICP as published incorporates … area. The purpose of this paper is to review what is known about the scope of measurement error in the HICP. We conclude …

Persistent link: https://www.econbiz.de/10005816322

New evidence on elementary index bias

Gábor, Enikö; Vermeulen, Philip - European Central Bank - 2014

We provide evidence on the effect of elementary index choice on inflation measurement. Using scanner data for 15844 individual items from 42 product categories and 10 euro area countries, we compute product category level elementary price indexes using nine different elementary index formulas....

Persistent link: https://www.econbiz.de/10011100161