What Do Measures of Core Inflation Really Tell Us
Year: 2005
Type: preprint
Abstract: Despite the widespread use of the term inflation, there is neither a widely accepted theoretical definition, nor an agreed method of measuring it. The wide range of conceptual bases is potentially confusing, particularly when the measures display different trends. This article offers an overview of some of the issues. It examines how core inflation has been defined, sets out to what extent the concept might be useful for policy-makers and assesses the wide range of available measures in the United Kingdom.
Source: SSRN Electronic Journal
Authors: Alan Mankikar, Jo Paisley
Institution: Bank of England
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2258277474