A simple adaptive measure of core inflation

被引：103

作者：

Cogley, T ^{[1
]}

机构：

[1] Arizona State Univ, Tempe, AZ 85287 USA

来源：

JOURNAL OF MONEY CREDIT AND BANKING | 2002年 / 34卷 / 01期

关键词：

D O I：

10.1353/mcb.2002.0027

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper proposes a new measure of core inflation and compares it with several existing measures. The new measure is adaptive and is designed to track sudden and persistent movements in inflation, such as those arising from changes in monetary policy regimes. The adaptive measure filters out transients more effectively than existing measures, and it is a superior predictor of locally mean-reverting components of inflation.

引用

页码：94 / 113

页数：20

共 26 条

[11] HOW BIG IS THE RANDOM-WALK IN GNP [J].