Measuring Core Inflation in Indonesia: An Asymmetric Trimmed-Mean Approach
AbstractGiven the highly kurtotic and positively skewed characteristics of cross-sectional distribution of price, asymmetric trimmed-mean is the best approach in extracting the statistical medium-term trend of inflation. This paper uses asymmetric trimmed-mean approach to measure core inflation in Indonesia. This measure, as compared with the headline inflation, is more correlated with the growth of money supply in the past. Additionally, it is a reliable indicator of inflation trend.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18777.
Date of creation: 2002
Date of revision:
Core Inflation; Trimmed Mean; Indonesia;
Find related papers by JEL classification:
- 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
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
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