Castanñeda, Juan Carlos; Chang, Rodrigo - In: Latin American journal of central banking : LAJCB 4 (2023) 4, pp. 1-19
We propose a framework for consistently evaluating core inflation measures via a straightforward application of sound … statistical inference principles. Under this framework, inflation measures (both headline and core) are regarded as estimators … tracking the economy's true, unobserved inflation rate. We depart from the arbitrary convention in the literature of …