Measuring UK inflation
نویسندگان
چکیده
منابع مشابه
Measuring Underlying Inflation
The primary goal of monetary policy in most countries is low infl ation. And a major consideration for the monetary policy decision is the forecast for infl ation over the next couple of years. One important input into these forecasts is a judgment on the current level of infl ationary pressures. But, unfortunately, the data for headline infl ation released each quarter (in Australia) or each m...
متن کاملInflation Targeting: The UK Experience
The views expressed are those of the author and do not reflect those of either the Bank of England or the Monetary Policy Committee.
متن کاملInflation Measurement and Inflation Targets: The UK Experience
The Retail Price Index is by far the most widely used measure of inflation in the United Kingdom.2 Its components include an index of interest payments on home mortgages, which has a weight of 4.2 percent. Mortgages in the United Kingdom are predominantly at floating— rather than at fixed—interest rates. The index of mortgage interest payments is calculated using a long-term weighted average of...
متن کاملMeasuring disagreement in UK consumer and central bank inflation forecasts, February 2011
We provide a new perspective on disagreement in ination expectations by examining the full probability distributions of UK consumer ination forecasts based on an adaptive bootstrap multimodality test. Furthermore, we compare the ination forecasts of the Bank of Englands Monetary Policy Committee (MPC) with those of UK consumers, for which we use data from the 2001-2007 February GfK NOP cons...
متن کاملMeasuring Real Value and Inflation
The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do basically the same thing: to separate a change in nominal value into a ‘real part’ due to the changes in quantities and an inflation due to the changes in prices. Examples are: real national product and its components, th...
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ژورنال
عنوان ژورنال: Economic & Labour Market Review
سال: 2008
ISSN: 1751-8326
DOI: 10.1057/elmr.2008.135