Arbeitspapier
A persistence-weighted measure of core inflation in the euro area
We propose a new core inflation measure for the Euro area which places the emphasis on the more lasting, i.e. persistent, price developments at a disaggregated level. The importance of each component of the HICP is reweighted according to its relative persistence, as measured by the sum of the autoregressive coefficients or by an indicator of mean reversion. Unlike headline inflation, our baseline core inflation measure is highly correlated with ECB monetary policy decisions, which could mean that it contains ex ante (pre monetary policy) information on inflationary pressure.
- Language
-
Englisch
- Bibliographic citation
-
Series: ECB Working Paper ; No. 905
- Classification
-
Wirtschaft
Price Level; Inflation; Deflation
- Subject
-
core inflation
inflation persistence
Inflation
Verbraucherpreisindex
EU-Staaten
- Event
-
Geistige Schöpfung
- (who)
-
Bilke, Laurent
Stracca, Livio
- Event
-
Veröffentlichung
- (who)
-
European Central Bank (ECB)
- (where)
-
Frankfurt a. M.
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Bilke, Laurent
- Stracca, Livio
- European Central Bank (ECB)
Time of origin
- 2008
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