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Price Discounts and the Measurement of Inflation : Further Results
Fox, Kevin J. - 2016
time so that inflation measurement is not significantly affected. In addition, we find evidence that the typical practice …
Persistent link: https://www.econbiz.de/10012992918
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Is deflation costly after all? : the perils of erroneous historical classifications
Kaufmann, Daniel - 2017 - This version: 1 September 2017
Measurement error in historical data distorts descriptive analyses based on binary classifications. Modern replications … of deficiencies in retrospective CPI estimates for the 19th century show that measurement issues cause misclassification …. Using various approaches to control for measurement error in 19th century US CPI data, a series of stylized facts emerge: (i …
Persistent link: https://www.econbiz.de/10011749393
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Inflation measurement and its assessment in the ECB's monetary policy strategy review
2021
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 …
Persistent link: https://www.econbiz.de/10012626725
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Inflation Measurement and its Assessment in the Ecb's Monetary Policy Strategy Review
Nickel, Christiane; Fröhling, Annette; Willeke, Caroline; … - 2021
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 …
Persistent link: https://www.econbiz.de/10013210846
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Real time underlying inflation gauges for monetary policymakers
Amstad, Marlene; Potter, Simon M. - 2009
Central banks analyze a wide range of data to obtain better measures of underlying inflationary pressures. Factor models have widely been used to formalize this procedure. Using a dynamic factor model this paper develops a measure of underlying inflation (UIG) at time horizons of relevance for...
Persistent link: https://www.econbiz.de/10003948215
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Central Bank Independence and Governance : Definitions and Modelling
Ahsan, Amirul - 2009
CBIG index model by identifying its key determinants. It also examines various independence measurement tools such as …
Persistent link: https://www.econbiz.de/10013159923
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The Optimal Monetary Instrument and the (Mis)Use of Causality Tests
Keating, John W. - 2018
This paper uses a New-Keynesian model with multiple monetary assets to show that if the choice of instrument is based solely on its propensity to predict macroeconomic targets, a central bank may choose an inferior policy instrument. We compare a standard interest rate rule to a k-percent rule...
Persistent link: https://www.econbiz.de/10012906860
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The FRBNY Staff Underlying Inflation Gauge : UIG
Amstad, Marlene - 2014
Monetary policymakers and long-term investors would benefit greatly from a measure of underlying inflation that uses all relevant information, is available in real time, and forecasts inflation better than traditional underlying inflation measures such as core inflation measures. This paper...
Persistent link: https://www.econbiz.de/10013054722
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The FRBNY Staff Underlying Inflation Gauge : UIG
Amstad, Marlene - 2014
Monetary policymakers and long-term investors would benefit greatly from a measure of underlying inflation that uses all relevant information, is available in real-time, and forecasts inflation better than traditional underlying inflation measures such as core inflation measures. This paper...
Persistent link: https://www.econbiz.de/10013047554
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Real Time Underlying Inflation Gauges for Monetary Policymakers
Amstad, Marlene - 2010
Central banks analyze a wide range of data to obtain better measures of underlying inflationary pressures. Factor models have widely been used to formalize this procedure. Using a dynamic factor model this paper develops a measure of underlying inflation (UIG) at time horizons of relevance for...
Persistent link: https://www.econbiz.de/10013149418