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Core inflation: a review of some conceptual issues

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Abstract

This paper reviews various approaches to the measurement of core inflation that have been proposed in recent years. The objective is to determine whether the ECB should pay special attention to one or other of these measures in assessing inflation developments in the euro area. I put particular emphasis on the conceptual and practical problems that arise in the measurement of core inflation, and propose some criteria that could be used by the ECB to choose a core inflation measure.

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Bibliographic Info

Paper provided by European Central Bank in its series Working Paper Series with number 5.

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Length: 26 pages
Date of creation: May 1999
Date of revision:
Handle: RePEc:ecb:ecbwps:19990005

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Keywords: Core inflation; monetary policy; inflation measurement; trimmed mean; weighted median; SVAR; Edgeworth index;

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  35. repec:wop:imespe:9707 is not listed on IDEAS
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