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Core inflation: a review of some conceptual issues

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  • Mark A. Wynne

Abstract

This paper reviews various approaches to the measurement of core inflation that have been proposed over the years using the stochastic approach to index numbers as a unifying framework. It begins with a review of how the concept of core inflation is used by the world’s major central banks, including some of the inflation-targeting central banks. The author provides a comprehensive review of many of the measures of core inflation that have been developed over the years and highlights some of the conceptual and practical problems associated with them.

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Bibliographic Info

Article provided by Federal Reserve Bank of St. Louis in its journal Review.

Volume (Year): (2008)
Issue (Month): May ()
Pages: 205-228

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Handle: RePEc:fip:fedlrv:y:2008:i:may:p:205-228:n:v.90no.3,pt.2

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Keywords: Inflation (Finance);

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References

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