Arbeitspapier

Evaluating underlying inflation measures for Russia

​We apply several tests to the underlying inflation metrics used in practice by central banks and/or proposed in the scientific literature, in an attempt to find the best-performing indicators. We find that although there is no single best measure of underlying inflation, indicators calculated on the basis of dynamic factor models are generally among the best performers. These best performers not only outdid the simpler traditional underlying indicators (trimmed and exclusion-based measures) but also proved to be economically meaningful and inter-pretable.

ISBN
978-952-323-063-7
Sprache
Englisch

Erschienen in
Series: BOFIT Discussion Papers ; No. 24/2015

Klassifikation
Wirtschaft
Price Level; Inflation; Deflation
Business Fluctuations; Cycles
Monetary Policy
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

Ereignis
Geistige Schöpfung
(wer)
Deryugina, Elena
Ponomarenko, Alexey
Sinyakov, Andrey
Sorokin, Constantine
Ereignis
Veröffentlichung
(wer)
Bank of Finland, Institute for Economies in Transition (BOFIT)
(wo)
Helsinki
(wann)
2015

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Deryugina, Elena
  • Ponomarenko, Alexey
  • Sinyakov, Andrey
  • Sorokin, Constantine
  • Bank of Finland, Institute for Economies in Transition (BOFIT)

Entstanden

  • 2015

Ähnliche Objekte (12)