that the oil price passes through core inflation only via its effect on the whole economy. This pass-through is estimated …

States and the euro area. For many of the basic items in the basket of goods used to estimate inflation, the effects of oil … through to core inflation (or rather to inflation excluding food and energy products) by means of macroeconomic factors; while …

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 … two criteria: their ability to track movements in trend inflation; and their ability to predict future headline inflation …

Against the difficult background of analysing aggregated data in this paper core inflation in the euro area is … misleading indicator for monetary policy in the euro area. We furthermore compare our core inflation measure to the wide … coincident indicator of HICP inflation. Assessing the robustness of our core inflation measure we carefully conclude that it …

well as the improvements made to this measure of inflation since 2003 – finds that the HICP continues to fulfil the … replacement and quality adjustment. Such measures may also help reduce the measurement bias that still exists in the HICP. Overall …, a knowledge gap concerning the exact size of the measurement bias of the HICP remains, which calls for further research …

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 …

five years, where the euro area has, following a period of low inflation, navigated a global pandemic, Russia's invasion of … Ukraine and an unprecedented surge in inflation. The survey has evolved over time and provides not only a long time series of …. We show that, for each of the three main macroeconomic variables forecast - HICP inflation, real GDP growth and the …

Core inflation plays an important role in the deliberations of monetary policy-makers. In this paper we evaluate a … number of measures of core inflation constructed using euro-area data. In addition to the traditional exclusion-type core … track underlying or trend inflation in real time. We focus on core measures derived from the Harmonized Index of Consumer …