Andrade, Isabel C.; Raymond J. O’Brien - ISEG - School of Economics and Management, Department … - 2001
We develop a measure of core inflation in the UK over the period January1987 - December 1998, following the work of Bryan and Cecchetti (1996),Bryan, Cecchetti and Wiggins (1997) and Roger (1997). Disaggregation is into85 price categories. Given the high kurtosis of the price change distribution...