principal components estimator, suited to estimate systems of fractionally cointegrated processes. The proposed core inflation … measure is the scaled common persistent factor in inflation and excess nominal money growth and bears the interpretation of … monetary inflation. The proposed measure is characterised by all the properties that an u0093idealu0094 core inflation process …

money growth and inflation in the euro area, and propose a new core inflation measure which takes into account both features …. A comparison with other core inflation measures reveals that the proposed core inflation process is superior in terms of …

In the paper we propose a new methodological approach to core inflation estimation, based on a frequency domain … principal components estimator, suited to estimate systems of fractionally cointegrated processes. The proposed core inflation … measure is the common persistent feature in inflation and excess nominal money growth and bears the interpretation of monetary …

In this paper we investigate the long-run link between inflation and money growth in the US since 1960. A measure of … the long-run inflation trend is constructed, which bears the interpretation of monetary inflation rate and is directly … into account in empirical modelling. The proposed measure is then compared with several existing measures of core inflation …

In the paper we propose a new methodological approach to core inflation estimation, based on a frequency domain … principal components estimator, suited to estimate systems of fractionally cointegrated processes. The proposed core inflation … measure is the scaled common persistent factor in inflation and excess nominal money growth and bears the interpretation of …

We propose a measure of core inflation which is derived from a Markov switching ARFIMA model. The Markov switching … unconditional mean. By imposing a coswitching restriction for nominal money growth and HICP inflation we are able to identify three … regimes and establish a linkage between the long-run dynamics of inflation and money growth. The last regime has been found to …