The recent volatile behaviour of U.K. inflation has been officially attributed to a sequence of “unusual” price changes …, prompting renewed interest in the construction of measures of “core inflation”, from which such unusual price changes may be … down-weighted or even excluded. This paper proposes a new approach to constructing core inflation based on detailed …

In this paper, we estimate trend inflation in Sweden using an unobserved components stochastic volatility model. Using … data from 1995Q4 to 2021Q4 and Bayesian estimation methods, we find that trend inflation has been well-anchored during the … period - although in general at a level below the inflation target - and it does not appear to have been affected much by the …

In this paper, we examine the time series properties of inflation in seven countries that have adopted inflation … targeting. Unlike previous studies, we utilize a non-linear mean reverting adjustment mechanism for inflation and we discover … that, although deviations of inflation from the target can exhibit a region of non-stationary behaviour, overall they are …