文章基本信息

标题：Evaluating underlying inflation measures for Russia
本地全文：下载
作者：Elena Deryugina ; Alexey Ponomarenko ; Andrey Sinyakov 等
期刊名称：BOFIT Discussion Papers
印刷版ISSN：1456-4564
电子版ISSN：1456-5889
出版年度：2015
出版社：Bank of Finland Institute for Economies in Transition (BOFIT)
摘要：We apply several tests to the underlying inflation measures used in practice by central banks and/or proposed in the scientific literature, in an attempt to find the best-performing indicators. We find that although there is no single best measure of underlying inflation, indicators calculated on the basis of dynamic factor models are generally among the best performers. These best performers not only outdid the simpler traditional underlying indicators (trimmed and exclusion-based measures) but also proved to be economically meaningful and inter-pretable.
关键词：underlying inflation ; core inflation ; monetary inflation ; dynamic factor model ; Russia ; E31 ; E32 ; E52 ; C32 ; Elena Deryugina ; Alexey Ponomarenko ; Andrey Sinyakov ; Constantine Sorokin