Do core inflation measures help forecast inflation?

被引：29

作者：

Freeman, DG ^{[1
]}

机构：

[1] So Methodist Univ, Dept Econ, Dallas, TX 75275 USA

来源：

ECONOMICS LETTERS | 1998年 / 58卷 / 02期

关键词：

core inflation; forecasting inflation;

D O I：

10.1016/S0165-1765(97)00257-7

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We conduct cointegration and Granger causality tests for traditional and new measures of core inflation. We find that both measures are consistent with desired properties of measures of underlying inflation, but neither is very useful for forecasting purposes. (C) 1998 Elsevier Science S.A.

引用

页码：143 / 147

页数：5

共 9 条

[1]

Box GEP, 1976, Time series analysis: Forecasting and control

[2]

BRAUER D, 1991, FEDERAL RESERVE BANK, P25

[3]

Bryan M., 1993, Working paper no. 93-04, Measuring core inflation: Technical report

[4]

BRYAN MF, 1991, MEDIAN PRICE CHANGES

[5]

Enders W., 2008, Applied Econometric Time Series

[6]

*FED RES BANK CLEV, 1996, MED CPI PROV BETT ME

[7]

*FED RES BANK CLEV, 1997, MED CPI 0 3 FEB

[8]

MISHKIN F.S., 1992, J MONETARY ECON, V30, P195, DOI DOI 10.1016/0304-3932(92)90060-F

[9] EFFECTS OF MODEL-SPECIFICATION ON TESTS FOR UNIT ROOTS IN MACROECONOMIC DATA [J].

SCHWERT, GW .

JOURNAL OF MONETARY ECONOMICS, 1987, 20 (01) :73-103

← 1 →