This article discusses further research on alternative measures of underlying inflation and the Bank's decision to begin publishing a weighted median measure of inflation excluding credit charges.

A description of the main features of Consumer Price Index (CPI) inflation in the June 1995 quarter

A graphical approach to explain why it is more appropriate for the Bank to base monetary policy on a measure of underlying inflation rather than on the official or headline, measure of inflation.

Pacific island countries (PICs) are vulnerable severe natural disasters, especially cyclones, inflicting large losses on their economies. In the aftermath of disasters, PIC governments face revenue losses and spending pressures to address post-disaster relief and recovery efforts. This paper...

This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models...