EconPapers    
Economics at your fingertips  
 

Evaluating underlying inflation measures for Russia

Elena Deryugina, Alexey Ponomarenko, Andrey Sinyakov and Constantine Sorokin ()

No 24/2015, BOFIT Discussion Papers from Bank of Finland, Institute for Economies in Transition

Abstract: ​We apply several tests to the underlying inflation metrics used in practice by central banks and/or proposed in the scientific literature, in an attempt to find the best-performing indicators. We find that although there is no single best measure of underlying inflation, indicators calculated on the basis of dynamic factor models are generally among the best performers. These best performers not only outdid the simpler traditional underlying indicators (trimmed and exclusion-based measures) but also proved to be economically meaningful and inter-pretable.

JEL-codes: E31 E32 E52 C32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis and nep-mac
Date: 2015-08-18
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://helda.helsinki.fi/bof/bitstream/123456789/13854/1/dp2415%5b1%5d.pdf (application/pdf)

Related works:
Journal Article: Evaluating underlying inflation measures for Russia (2018) Downloads
Working Paper: Evaluating the underlying inflation measures for Russia (2015) Downloads
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:bof:bofitp:2015_024

Access Statistics for this paper

More papers in BOFIT Discussion Papers from Bank of Finland, Institute for Economies in Transition Bank of Finland, BOFIT, P.O. Box 160, FI-00101 Helsinki, Finland. Contact information at EDIRC.
Bibliographic data for series maintained by Minna Nyman ().

 
Page updated 2019-10-22
Handle: RePEc:bof:bofitp:2015_024