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.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 905
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
- Thema
-
core inflation
inflation persistence
Inflation
Verbraucherpreisindex
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bilke, Laurent
Stracca, Livio
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 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.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bilke, Laurent
- Stracca, Livio
- European Central Bank (ECB)
Entstanden
- 2008
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