Why Should Central Banks Avoid the Use of the Underlying Inflation Indicator?

Pedro Neves
Authors registered in the RePEc Author Service: Carlos Robalo Marques and Afonso Gonçalves da Silva

Working Papers from Banco de Portugal, Economics and Research Department

Abstract: This paper assesses the usefulness of the commonly used underlying inflation indicator, in light of the criteria proposed in Marques et al. (2000). Empirical evidence for a group of six countries strongly suggets that the use of underlying inflation as an indicator of trend inflation should be avoided.

JEL-codes: C43 E31 E52 (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (1)

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Journal Article: Why should Central Banks avoid the use of the underlying inflation indicator? (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:ptu:wpaper:w200005

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