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 headline CPI, exclusion-based 'cores', and trimmed means as measures of underlying inflation. Overall, we find that … support to the use of trimmed means as useful measures of underlying inflation at the current juncture where the growth of … China and other emerging markets is having two offsetting effects on global inflation. Whereas some central banks have …

inflation in the long run, is a necessary and (under some extra mild restrictions on parameters) sufficient condition for … determinacy in a sticky price model with positive steady-state inflation, interest rate smoothing in monetary policy, partial …

inflation in the long run, is a necessary and (under some extra mild restrictions on parameters) sufficient condition for … determinacy in a sticky price model with positive steady-state inflation, interest rate smoothing in monetary policy, partial …

estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …

​We apply several tests to the underlying inflation metrics used in practice by central banks and/or proposed in the … measure of underlying inflation, indicators calculated on the basis of dynamic factor models are generally among the best …

1979. Even if monetary policy is found to react only mildly to inflation pre-Volcker, the substantial degrees of bounded …