TY  - UNPD
A1  - Hahn, Elke
T1  - Core inflation in the Euro area: an application of the generalized dynamic factor model
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2001,11
N2  - Since the second half of the nineties the euro area has been subject to a considerable accumulation of temporary and idiosyncratic price shocks. Core inflation indicators for the euro area are thus of utmost interest. Based on euro area-wide data core inflation in this paper is analyzed by means of an indicator derived from the generalized dynamic factor model. This indicator reveals that HICP inflation strongly exaggerated both the decline as well as the increase in the price trend in 1999 and 2000/2001. Our results reinforce those achieved by Cristadoro, Forni, Reichlin and Versonese (2001) based on euro area country data which indicates the robustness of the indicator. Klassifikation: C33, E31
T3  - CFS working paper series - 2002, 11 
KW  - Core Inflation
KW  - Euro Area
KW  - Generalized Dynamic Factor Model
KW  - Principal Component Analysis
KW  - Europäische Union
KW  - Wirtschafts- und Währungsunion
KW  - Inflation
KW  - Preisindex der Lebenshaltung
KW  - Verbraucherpreisindex
KW  - Lebenshaltungskosten
KW  - Faktorenanalyse
KW  - Schätzung
Y1  - 2002
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/4491
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-10018
IS  - September 2002
ER  -