Measuring Core Inflation in Romania Using the Dobrescu Method – A Comparative Approach
AbstractThe paper focuses on the persistent and non-persistent changes in relative prices and their relation with the volatility of the aggregated price index. From the methodological perspective, the paper analyzes the implications of the hypotheses of five main methods for calculating core inflation with respect to the persistent and non-persistent changes in relative prices. From the empirical perspective, the paper ranks the methods based on volatility and discusses the relation between volatility and the persistent and non-persistent changes in relative prices, focusing on the relation between the changes in the components of the CPI that tend to be irreversible and the CPI. In the context of the analysis, the main conclusion of the paper indicates that there is a long-term tendency of the CPI, which is reflected by the irreversible changes in relative prices
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.
Volume (Year): (2010)
Issue (Month): 2 (July)
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More information through EDIRC
core inflation; relative prices; prices volatility; reversibility;
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
- P22 - Economic Systems - - Socialist Systems and Transition Economies - - - Prices
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Paun, Cristian & Topan, Vladimir, 2013. "The Monetary Causes of Inflation in Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 5-23, March.
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