Inflationsbegriff und Inflationsmessung: Abgrenzungen, Konzepte und Anwendungsprobleme

Gischer Horst () and Weiß Mirko ()
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Gischer Horst: Fakultät für Wirtschaftswissenschaft, Otto-von- Guericke-Universität, Postfach 4120, 39016 Magdeburg
Weiß Mirko: Fakultät für Wirtschaftswissenschaft, Otto-von-Guericke-Universität, Postfach 4120, 39016 Magdeburg

Review of Economics, 2007, vol. 58, issue 3, 203-226

Abstract: Our paper addresses the economic concept of inflation, and how to measure inflation properly in practise. First of all we present and discuss comprehensively various definitions of inflation proposed and used in the literature. What follows, is a detailed investigation of empirical proxies or indices to cover inflation quantitatively. We focus on the Consumer Price Index (CPI) in general and for Germany in particular, the Harmonized Consumer Price Index (HCPI), the Core Inflation and the GDP-Deflator. The paper concludes with an analysis of the method of measuring inflation applied within the scope of the ECB Governing Council’s monetary strategy.

Date: 2007
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DOI: 10.1515/roe-2007-0301

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