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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP4614 |
DP4614 A Flexible Economy? Entrepreneurship and Productivity in New Zealand | |
John McMillan | |
发表日期 | 2004-09-23 |
出版年 | 2004 |
语种 | 英语 |
摘要 | The timely release of macroeconomic data imposes a distinct structure on the panel: the clustering and sequential ordering of real and nominal variables. We call this orderly release of economic data sequential information flow. The ordered panel generates a new class of restrictions that are helpful in interpreting the real-time estimates of monthly core inflation through the identification of turning points and structural shocks. After establishing the sought-after properties (of smoothness, stability, and forecasting) for core inflation, we turn to the discussion of real-time diagnosis for a low inflation environment. This is done in the context of weekly estimates of Swiss inflation. The intra-monthly estimates for core inflation find that it is worthwhile to update this measure at least twice a month. |
主题 | International Macroeconomics |
关键词 | Common factors inflation Sequential information flow |
URL | https://cepr.org/publications/dp4614 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533535 |
推荐引用方式 GB/T 7714 | John McMillan. DP4614 A Flexible Economy? Entrepreneurship and Productivity in New Zealand. 2004. |
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