A Structural VAR Approach to Core Inflation in Canada

Sylvain Martel

Discussion Papers from Bank of Canada

Abstract: The author constructs a measure of core inflation using a structural vector autoregression containing oil-price growth, output growth, and inflation. This "macro-founded" measure of inflation forecasts total inflation at least as well as other, atheoretical measures.

Keywords: Inflation; and; prices (search for similar items in EconPapers)
JEL-codes: C53 E31 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2008
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Citations: View citations in EconPapers (5)

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