Measurement and theory of core inflation

Martin Almuzara and Argia Sbordone

Chapter 3 in Research Handbook on Inflation, 2025, pp 35-60 from Edward Elgar Publishing

Abstract: This chapter discusses the concept of core inflation, its relevance for policymakers and a variety of approaches taken for the construction of informative core measures. After reviewing some empirical patterns displayed by US inflation data and discussing the conceptual issues around measurement, we provide a unified framework to interpret some widely used core measures and compare their relative properties.

Keywords: Core inflation; Exclusion-based measures; Model-based measures; Inflation forecasting (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035327751
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