TY - BOOK ID - 11267375 TI - Core inflation measures and statistical issues in choosing among them AU - Silver, M. S. AU - International Monetary Fund. PY - 2006 SN - 1451863578 1462317529 1451908911 9786613825575 1452742073 1283513129 PB - [Washington, D.C.] : International Monetary Fund, Statistics Dept, DB - UniCat KW - Electronic books. -- local. KW - Finance -- Econometric models. KW - Inflation (Finance) -- Econometric models. KW - Finance KW - Business & Economics KW - Money KW - Inflation (Finance) KW - Econometric models. KW - Inflation KW - Macroeconomics KW - Money and Monetary Policy KW - Price Level KW - Deflation KW - Monetary Policy KW - Monetary economics KW - Consumer price indexes KW - Inflation targeting KW - Price indexes KW - Prices KW - Monetary policy KW - United Kingdom UR - https://www.unicat.be/uniCat?func=search&query=sysid:11267375 AB - This paper provides an overview of statistical measurement issues relating to alternative measures of core inflation, and the criteria for choosing among them. The approaches to measurement considered include exclusion-based methods, imputation methods, limited influence estimators, reweighting, and economic modeling. Criteria for judging which approach to use include credibility, control, deviations from a smoothed reference series, volatility, predictive ability, causality and cointegration tests, and correlation with money supply. Country practice can differ in how the approaches are implemented and how their appropriateness is assessed. There is little consistency in the results of country studies to readily suggest guidelines on accepted methods. ER -