Tracking Chinese CPI inflation in real time
Yu Hao and
Aaron Mehrota ()
Quantitative Macroeconomics Working Papers from Hamburg University, Department of Economics
With recovery from the global financial crisis in 2009 and 2010, inflation emerged as a major 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 infla-tion. The importance of forward-looking and high-frequency variables in tracking inflation dynamics is highlighted and the policy implications discussed.
Keywords: Nowcasting; CPI inflation cycle; mixed-frequency modelling; dynamic factor model; China (search for similar items in EconPapers)
JEL-codes: C53 E31 E37 (search for similar items in EconPapers)
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Journal Article: Tracking Chinese CPI inflation in real time (2015)
Working Paper: Tracking Chinese CPI inflation in real time (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ham:qmwops:21112
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