IDEAS home Printed from https://ideas.repec.org/p/bku/doctra/2011011.html
   My bibliography  Save this paper

Evaluación de indicadores de inflación subyacente para Uruguay

Author

Listed:
  • Fernanda Cuitiño

    (Banco Central del Uruguay)

  • Fiorella Tramontin

    (Banco Central del Uruguay)

  • Leonardo Vicente

    (Banco Central del Uruguay)

Abstract

This document assesses a range of core inflation indicators, including traditional indicators, which arise from the transformation of CPI data and broader indicators, in which additional information is considered. These are assessed between 2004.01-2010.12 on the basis of statistical criteria, other desirable characteristics and episode analysis. We find that, within the analyzed indicators, five of them, constructed with different methodologies, fulfill all of the selection criteria. Thus, simple indicators, as the asymmetric trimmed mean and those that reweigh by variability contend suitably with more sophisticated indicators, as those based on factor analysis or models. Therefore, these are candidates to be included in a set of indicators of core inflation, focusing on their evolution rather than their level.

Suggested Citation

  • Fernanda Cuitiño & Fiorella Tramontin & Leonardo Vicente, 2011. "Evaluación de indicadores de inflación subyacente para Uruguay," Documentos de trabajo 2011011, Banco Central del Uruguay.
    • Handle: RePEc:bku:doctra:2011011
    as

    Download full text from publisher

    File URL: https://www.bcu.gub.uy/Estadisticas-e-Indicadores/Documentos%20de%20Trabajo/11.2011.pdf
    File Function: First version, 2011
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jorge Basal & Patricia Carballo & Fernanda Cuitiño & Serafín Frache & José Mourelle & Helena Rodríguez & Verónica Rodríguez & Leonardo Vicente, 2016. "Un modelo estocástico de equilibrio general para la economía uruguaya," Documentos de trabajo 2016002, Banco Central del Uruguay.

    More about this item

    Keywords

    core; inflation; evaluation;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bku:doctra:2011011. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Biblioteca Especializada (email available below). General contact details of provider: https://edirc.repec.org/data/bcugvuy.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.