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Title of article :
Why should Central Banks avoid the use of the underlying inflation indicator?
Author/Authors :
Carlos Robalo Marques، نويسنده , , Pedro Duarte Neves، نويسنده , , Afonso Gonçalves da Silva، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2002
Pages :
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Abstract :
This paper assesses the usefulness of the commonly used underlying inflation indicator, in light of the criteria proposed in Marques et al. [Evaluating Core Inflation Indicators, mimeo, 2001]. Empirical evidence for a group of six countries strongly suggests that the use of underlying inflation as an indicator of trend inflation should be avoided.
Keywords :
Core inflation indicator , Underlying inflation , Evaluation criteria
Journal title :
Economics Letters
Serial Year :
Link To Document :