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well as the improvements made to this measure of inflation since 2003 – finds that the HICP continues to fulfil the …. More generally, the paper also finds that auxiliary inflation measures can play an important role in the ECB’s economic and … monetary analyses. This applies not only to analytical series including OOH, but also to measures of underlying inflation or a …
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published data. The underlying effect rests on overstated inflation estimates due to imputed prices for disappearing products …
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Official statistics measuring the cost of living are known to suffer from several biases because they often do not accurately capture substitution patterns, product entry/exit, and preference shifts. In particular, the latter two biases have been shown to be large on average. This paper shows...
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published data. The underlying effect rests on overstated inflation estimates due to imputed prices for disappearing goods and …
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