Through the use of conditional, local nonparametric estimation, this paper tracks the effects that data revisions have on core and total inflation as measured by Personal Consumption Expenditures and the Consumer Price Index. The purpose of this paper is two-fold. The first is to investigate whether data revisions of PCE does have an impact on total inflation in regards to the exclusions-from-c...

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The justification for inflation targeting rests on three core propositions. The first is called ‘lean against the wind’, which refers to fact that the monetary authority contracts (expands) aggregate demand below capacity when the actual rate of inflation is above (below) target. The second is ‘the divine coincidence’, which means that stabilizing the rate of inflation around its target is tant...

We show that inflation can occur in the core of a Q-ball.

entral banks differ in their specific inflation objectives and conduct of policy. However, they typically confront the common problem of identifying which price changes are permanent and which are transitory. Because of the lagged effects of monetary policy, mistaking the nature of price changes can be extremely costly. For example, the failure to detect the onset of inflationary pressures may ...

Free AccessImportant Keywordshttps://doi.org/10.14220/9783737013444.259SectionsPDF/EPUB ToolsAdd to favoritesDownload CitationsTrack Citations ShareShare onFacebookTwitterLinkedInRedditEmail About Previous chapter Next FiguresReferencesRelatedDetails Download book coverOsnabrücker Studien zur Jüdischen und Christlichen Bibel.Volume 8 1st editionISBN: 978-3-8471-1344-7 eISBN: 978-3-7370-1344-4Hi...

All opinions expressed here are those of the author and not those of the Economics Education and Research Consortium Research dissemination by the EERC may include views on policy, but the EERC itself takes no institutional policy positions The paper studies a possibility to construct a price index (" core inflation " index) for Russia, which is more appropriate for assessing monetary policy th...