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The existence of nominal rigidities and inflation differentials between countries offers two of the main rationales for … an inflation buffer in a monetary union where monetary policy is oriented towards an area-wide inflation objective … strong argument for a positive inflation buffer to “grease the wheels” of the euro area economy – also in order to avoid the …
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The paper seeks to obtain an optimal asymmetric trimmed mean-based core inflation measure in the class of trimmed mean …
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Trimmed-mean Personal Consumption Expenditure (PCE) inflation does not clearly dominate ex-food-and-energy PCE … inflation in real-time forecasting of headline PCE inflation. However, trimmed-mean inflation is the superior communications and … policy tool because it is a less-biased real-time estimator of headline inflation and because it more successfully filters …
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This paper provides an extensive literature review and analyses some open issues in the measurement of inflation that …. Consumer behaviour is characterised by preference shifts and heterogeneity, which influence the measurement of the cost of … "green" products. Furthermore, PRISMA data show that consumption baskets and thus inflation vary across income classes (e …
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