Core inflation in the Euro area : evidence from the structural VAR approach

Against the difficult background of analysing aggregated data in this paper core inflation in the euro area is estimated by means of the structural vector autoregressive approach. We demonstrate that the HICP sometimes s
Against the difficult background of analysing aggregated data in this paper core inflation in the euro area is estimated by means of the structural vector autoregressive approach. We demonstrate that the HICP sometimes seems to be a misleading indicator for monetary policy in the euro area. We furthermore compare our core inflation measure to the wide-spread "ex food and energy" measure, often referred to by the ECB. In addition we provide evidence that our measure is a coincident indicator of HICP inflation. Assessing the robustness of our core inflation measure we carefully conclude that it seems to be quite reliable. This Version: April, 2002 Revised edition published in: Allgemeinenes Statistisches Archiv, Vol 87, 2003. Klassifikation: C32, E31
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Metadaten
Author:Elke Hahn
URN:urn:nbn:de:hebis:30-9866
Parent Title (German):Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2001,09
Series (Serial Number):CFS working paper series (2001, 09)
Document Type:Working Paper
Language:English
Year of Completion:2002
Year of first Publication:2002
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2005/06/13
Tag:Core Inflation; Euro Area; Structural VAR Approach
SWD-Keyword:Europäische Union; Inflation; Lebenshaltungskosten; Preisindex der Lebenshaltung; Schätzung; Vektor-autoregressives Modell; Verbraucherpreisindex; Wirtschafts- und Währungsunion
Issue:This version: April 2002
Pagenumber:33
Source:CFS working paper ; 2001,09 revised edition published in: Allgemeinenes Statistisches Archiv, Vol 87, 2003
HeBIS PPN:201694727
Institutes:Center for Financial Studies (CFS)
Dewey Decimal Classification:330 Wirtschaft
Sammlungen:Universitätspublikationen
Licence (German):License Logo Veröffentlichungsvertrag für Publikationen

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