is some evidence of an understatement of rent inflation in the official rent index for West Germany at the beginning of …In several studies, hedonic methods have been used successfully for the ex post assessment of the accuracy of inflation … might induce a substantial distortion in overall inflation measurement. On the basis of data from the German Socio …

Trimmed-mean Personal Consumption Expenditure (PCE) inflation does not clearly dominate ex-food-and-energy PCE … inflation in real-time forecasting of headline PCE inflation. However, trimmed-mean inflation is the superior communications and … policy tool because it is a less-biased real-time estimator of headline inflation and because it more successfully filters …

The paper seeks to obtain an optimal asymmetric trimmed mean-based core inflation measure in the class of trimmed mean …

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize … is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting … headline inflation, assigns zero weight to import prices. …

.e. whose price changes rarely) contain more information about medium term inflation developments than those of flexible price … inflation index indeed has a forward-looking component, as it has favorable inflation forecasting properties on the policy … horizon of 1-2 years to alternative inflation indicators (including core inflation). Both theoretical and empirical results …