Year: 2021
Type: report
Abstract: The author constructs a measure of core inflation using a structural vector autoregression containing oil-price growth, output growth, and inflation. This "macro-founded" measure of inflation forecasts total inflation at least as well as other, atheoretical measures.
Source: Econstor (Econstor)
DOI: 10.34989/sdp-2008-10
Author: Martel, Sylvain
Institution: Bank of Canada
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1553945469