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Tracking Chinese CPI inflation in real time

Michael Funke, Aaron Mehrotra and Yu Hao

Empirical Economics, 2015, vol. 48, issue 4, 1619-1641

Abstract: With recovery from the global financial crisis in 2009 and 2010, inflation emerged as a 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 inflation. The importance of forward-looking and high-frequency variables in tracking inflation dynamics is highlighted and the policy implications discussed. Copyright Springer-Verlag Berlin Heidelberg 2015

Keywords: Nowcasting; CPI inflation cycle; Mixed-frequency modeling; Dynamic factor model; China; C53; E31; E37 (search for similar items in EconPapers)
Date: 2015
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Working Paper: Tracking Chinese CPI inflation in real time (2011) Downloads
Working Paper: Tracking Chinese CPI inflation in real time (2011) Downloads
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DOI: 10.1007/s00181-014-0837-3

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