Technical Note: Does Core Inflation Help Forecast Total Inflation? Evidence from Colombia
John Thornton
Latin American Journal of Economics-formerly Cuadernos de Economía, 1998, vol. 35, issue 106, 407-413
Abstract:
In Colombia core and total inflation are both (1) series, and core inflation is cointegrated with total inflation. Granger causality tests using error correction methodology indicate that divergence of total inflation from core inflation is quickly revers
Keywords: Core inflation; forecasting inflation; cointegration; granger causality (search for similar items in EconPapers)
JEL-codes: C4 E5 (search for similar items in EconPapers)
Date: 1998
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