| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6469 |
| DP6469 A New Core Inflation Indicator for New Zealand | |
| Domenico Giannone; Troy Matheson | |
| 发表日期 | 2007-09-21 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper introduces a new indicator of core inflation for New Zealand, estimated using a dynamic factor model and disaggregate consumer price data. Using disaggregate consumer price data we can directly compare the predictive performance of our core indicator with a wide range of other ?core inflation? measures estimated from disaggregate consumer prices, such as the weighted median and the trimmed mean. The medium term inflation target of Reserve Bank of New Zealand is used as a guide to define our target measure of core inflation - a centered 2 year moving average of past and future inflation outcomes. We find that our indicator produces relatively good estimates of this characterisation of core inflation when compared with estimates derived from a range of other models. |
| 主题 | International Macroeconomics |
| 关键词 | Core inflation monetary policy |
| URL | https://cepr.org/publications/dp6469 |
| 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/535292 |
| 推荐引用方式 GB/T 7714 | Domenico Giannone,Troy Matheson. DP6469 A New Core Inflation Indicator for New Zealand. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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