How much does quality adjustment matter in measuring consumer price inflation? To address this question, we use … inflation only by 0.06 percentage points, which is balanced out by an increase due to quantity adjustment (e.g. a smaller … deriving the distribution of member states’ cumulative inflation rates for typical quality-adjusted products. Our macro …

systematically understated. The effect rests on overstated inflation estimates due to imputed prices for disappearing goods and …

Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … the euro area HICP. The measurement of the German HICP is impaired by the extrapolation of expenditure weights, and the … consider this source of mismeasurement when assessing the precision of the HICP as a measure of "true" inflation. …

What are the implications of targeting different measures of inflation? We extend a basic theoretical framework of … optimal monetary policy under inflation targeting to include several components of CPI inflation ratio, and analyze the … implications of using different measures of inflation as target variable core inflation, CPI excluding interest rates, and headline …

The consumer price index (CPI) is the most commonly used measure of inflation in Canada. As an indicator of changes in … the cost of living, however, the CPI is subject to various types of measurement bias. The author updates previous Bank of … total measurement bias has increased only slightly in recent years to 0.6 percentage points per year, and is low when …

The objective of this research paper is to examine the relationship between relative price variability and inflation by … demonstrated that there is a probable relationship between inflation (DPt) and both un-weighted measures of price variability (VPt …

This paper examines the relative importance of monetary factors and structuralist supply-side factors for inflation in … Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the … that monetary factors have played a dominant role in recent inflation, affecting inflation with a lag of about one year …

The persistence property of inflation is an important issue for not only economists, but, especially for central banks …, given that the degree of inflation persistence determines the extent to which central banks can control inflation. Further …, not only is the level of inflation persistence that is important in economic analyses, but also the question of whether …

This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed … from internet search queries performed on the search engine Google. The forecasting performance of the Google Inflation … Search Index (GISI) is assessed relative to 37 other indicators of inflation expectations – 36 survey measures and the TIPS …