Trend Inflation, Taylor Principle, and Indeterminacy
نویسندگان
چکیده
منابع مشابه
Core Inflation and Trend Inflation June 2015
An important input to monetary policymaking is estimating the current level of inflation. This paper examines empirically whether the measurement of trend inflation can be improved by using disaggregated data on sectoral inflation to construct indexes akin to core inflation but with a time-varying distributed lags of weights, where the sectoral weight depends on the timevarying volatility and p...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 2009
ISSN: 0022-2879,1538-4616
DOI: 10.1111/j.1538-4616.2009.00272.x