Evaluating and Comparing the Methods of Measuring Core Inflation in Iran
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Hooman Karami *1, Saeed Bayat1 |
1- Monetary and Banking Research Institute, |
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Abstract: (2721 Views) |
This paper reviews the methods of measuring core inflation and introduces several criteria for comparing the performance of these methods. Using CPI monthly data during 1990:3 to 2012:11, our results show that “trimmed mean” has the best performance among other methods. On the other hand, although the performance of “CPI ex high volatile components” is not as good as trimmed mean, but this method is suitable for communication purposes of the policy maker. |
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Full-Text [PDF 541 kb]
(1248 Downloads)
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Type of Study: Empirical Study |
Received: 2014/11/27 | Accepted: 2014/11/27 | Published: 2014/11/27
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