Do core inflation measures help forecast inflation?

Economics Letters

Volumn 58, Issue 2, 1998, Pages 143-147

  Freeman, Donald G ^a  

^a SOUTHERN METHODIST UNIVERSITY   (United States)

Author keywords

C4; Core inflation; E5; Forecasting inflation

Indexed keywords

EID: 0032220970     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0165-1765(97)00257-7     Document Type: Article

References (9)

1. Box, G.E.P., Jenkins, G.M., 1976. Time series analysis: Forecasting and control. Holden-Day, Oakland, CA.
2. Brauer, D., Wu, L., 1991. In brief: Economic capsules: An overview of inflation measurement. Federal Reserve Bank of New York Quarterly Review, Summer, 25-29.
3. Bryan, M.F., Cecchetti, S.G., 1993. Measuring core inflation. Federal Reserve Bank of Cleveland working paper 9304, June.
4. Bryan, M.F., Pike, C., 1991. Median price changes: An alternative approach to measuring current monetary inflation. Economic Commentary, Federal Reserve Bank of Cleveland, December.
5. Enders, W., 1995. Applied econometric time series. Wiley, New York.
6. Federal Reserve Bank of Cleveland, 1996. Median CPI provides better measure of core inflation. URL: http://www.clev.frb.org/research/mcpi.ht.
7. Federal Reserve Bank of Cleveland, 1997. Median CPI up 0.3% in February. URL: http//205.184.116.5/research/mcpipr.htm.
8. Mishkin F.S. Is the fisher effect for real? A reexamination of the relationship between inflation and interest rates. Journal of Monetary Economics. 30:1984;195-215.
9. Schwert G.W. Effects of model specification on tests for unit roots in macroeconomic data. Journal of Monetary Economics. 20:1987;73-103.