The evasive predictive ability of core inflation

Jose Nolazco, Pablo Pincheira and Jorge Selaive

No 15/34, Working Papers from BBVA Bank, Economic Research Department

Abstract: We explore the ability of traditional core inflation –consumer prices excluding food and energy–to predict headline CPI annual inflation. We analyze a sample of OECD and non-OECD economies using monthly data from January 1994 to March 2015. Our results indicate that sizable predictability emerges for a small subset of countries.

Keywords: Chile; Economic Analysis; Working Paper (search for similar items in EconPapers)
JEL-codes: E17 E31 E37 E52 E58 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2016-01
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Working Paper: The Evasive Predictive Ability of Core Inflation (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:bbv:wpaper:1534

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