Tracking Chinese CPI inflation in real time

Michael Funke, Hao Yu (hao.yu@wiso.uni-hamburg.de) and Aaron Mehrota (aaron.mehrotra@bof.fi)
Authors registered in the RePEc Author Service: Hao Yu and Yu HAO

Quantitative Macroeconomics Working Papers from Hamburg University, Department of Economics

Abstract: With recovery from the global financial crisis in 2009 and 2010, inflation emerged as a major concern for many central banks in emerging Asia. We use data observed at mixed frequencies to estimate the movement of Chinese headline inflation within the framework of a state-space model, and then take the estimated indicator to nowcast Chinese CPI infla-tion. The importance of forward-looking and high-frequency variables in tracking inflation dynamics is highlighted and the policy implications discussed.

Keywords: Nowcasting; CPI inflation cycle; mixed-frequency modelling; dynamic factor model; China (search for similar items in EconPapers)
JEL-codes: C53 E31 E37 (search for similar items in EconPapers)
Date: 2011-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.uni-hamburg.de/fachbereiche-einrichtung ... akro/bofit352011.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to www2.uni-hamburg.de:443 (nodename nor servname provided, or not known) (http://www.uni-hamburg.de/fachbereiche-einrichtungen/fb03/iwwt/makro/bofit352011.pdf [302 Found]--> https://www.uni-hamburg.de/fachbereiche-einrichtungen/fb03/iwwt/makro/bofit352011.pdf [302 Found]--> https://www2.uni-hamburg.de/fachbereiche-einrichtungen/fb03/iwwt/makro//bofit352011.pdf)

Related works:
Journal Article: Tracking Chinese CPI inflation in real time (2015)
Working Paper: Tracking Chinese CPI inflation in real time (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ham:qmwops:21112

Access Statistics for this paper

More papers in Quantitative Macroeconomics Working Papers from Hamburg University, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by (michael.paetz@wiso.uni-hamburg.de).