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
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978-952-323-063-7
- Sprache
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Englisch
- Erschienen in
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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)
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Bank of Finland, Institute for Economies in Transition (BOFIT)
- (wo)
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Helsinki
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Deryugina, Elena
- Ponomarenko, Alexey
- Sinyakov, Andrey
- Sorokin, Constantine
- Bank of Finland, Institute for Economies in Transition (BOFIT)
Entstanden
- 2015