Core Inflation Measures and Statistical Issues in Choosing Among Them / Mick Silver.

Format:

Book

Government document

Author/Creator:

Silver, M. S.

Contributor:

International Monetary Fund. Statistics Department.

Series:

IMF Working Papers; Working Paper ; No. 2006/097

IMF Working Papers

Language:

English

Subjects (All):

Inflation (Finance)--Econometric models.

Inflation (Finance).

Finance--Econometric models.

Finance.

Physical Description:

1 online resource (58 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Language Note:

English

Summary:

This paper provides an overview of statistical measurement issues relating to alternative measures of core inflation, and the criteria for choosing among them. The approaches to measurement considered include exclusion-based methods, imputation methods, limited influence estimators, reweighting, and economic modeling. Criteria for judging which approach to use include credibility, control, deviations from a smoothed reference series, volatility, predictive ability, causality and cointegration tests, and correlation with money supply. Country practice can differ in how the approaches are implemented and how their appropriateness is assessed. There is little consistency in the results of country studies to readily suggest guidelines on accepted methods.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. CONCEPTS AND PRACTICAL ISSUES""; ""III. SOURCES OF ERROR AND BIAS IN A CPI""; ""IV. THE METHODS""; ""V. HOW TO CHOOSE AMONG METHODS: JUDGING WHICH IS BEST""; ""VI. CONCLUDING REMARKS""; ""REFERENCES""

Notes:

"April 2006."

Includes bibliographical references.

Description based on print version record.

ISBN:

9786613825575

9781462317523

1462317529

9781452742076

1452742073

9781283513128

1283513129

9781451908916

1451908911

OCLC:

698585586