Monitoring core inflation

Michael F. Bryan and Stephen Cecchetti

No 9304, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An analysis of the use of limited-information estimators as measures of core inflation, showing that these estimators, such as the median of the cross-sectional distribution of inflation, have a higher correlation with past money growth and deliver improved forecasts of future inflation relative to the Consumer Price Index.

Keywords: Inflation; (Finance) (search for similar items in EconPapers)
Date: 1993
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