Using the asymmetric trimmed mean as a core inflation indicator
AbstractThis paper discusses the use of the trimmed mean as a core inflation indicator when the price changes distribution is fat tailed and asymmetric and computes several asymmetric trimmed means that meet all the conditions suggested in Marques et al. (2000). It turns out that the 10 per cent trimmed mean centred on the 51.5th percentile is the one with the lowest volatility and so, its use, as a core inflation indicator, is recommended.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Banco de Portugal, Economics and Research Department in its journal Economic Bulletin.
Volume (Year): (2000)
Issue (Month): ()
Other versions of this item:
- Carlos Robalo Marques & João Machado Mota, 2000. "Using the Asymmetric Trimmed Mean as a Core Inflation Indicator," Working Papers w200006, Banco de Portugal, Economics and Research Department.
- C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- L. Aucremanne, 2001. "The use of Robust Estimators as Measures of Core Inflation," DNB Staff Reports (discontinued) 61, Netherlands Central Bank.
- Nazif Catik & Ozlem Onder, 2010. "The Distribution of The Inflation in Turkey," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 10(2), pages 613-625.
- Abdul Aleem & Amine Lahiani, 2011. "Estimation and evaluation of core inflation measures," Applied Economics, Taylor and Francis Journals, vol. 43(25), pages 3619-3629.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (DEE-NTDD).
If references are entirely missing, you can add them using this form.