Finding Optimal Measures of Core Inflation in the Kyrgyz Republic

Ainura Uzagalieva

CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague

Abstract: The ideal measure of inflation should reflect long-run price movements driven by actual demand in the economy and exclude short-term supply shocks. Considering that the CPI does not correspond to such a measure, the purpose of this research is to analyze alternative methods of core (or underlying) inflation and to choose a method suitable for measuring core inflation in the Kyrgyz Republic. The results can be useful for proper monetary policy reaction to inflationary shifts in the Kyrgyz Republic.

Keywords: Kyrgyz Republic; inflation; core inflation; monetary policy; smoothing; optimality criteria. (search for similar items in EconPapers)
JEL-codes: E31 E52 (search for similar items in EconPapers)
Date: 2005-05
New Economics Papers: this item is included in nep-cis, nep-mac, nep-mon and nep-tra
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