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  • 标题:Indicator s of under lying inf lat ion in Norway
  • 本地全文:下载
  • 作者:Morten Jonassen ; assistant director ; Monetary Policy Department
  • 期刊名称:Economic Bulletin / Norges Bank
  • 印刷版ISSN:0029-1676
  • 电子版ISSN:1503-8831
  • 出版年度:2006
  • 期号:04
  • 出版社:Norges Bank
  • 摘要:A central bank that is to steer inflation ahead in time seeks to exclude temporary price variations when set- ting policy rates. At a given point in time, it is not that easy to determine which price changes are permanent and which changes are temporary. Indicators of underlying inflation can be useful in this context. In this article, we make an empirical evaluation of various indicators of underlying inflation in Norway. Our conclu- sion is that there is no one indicator that is a perfect measure of underlying inflation at all times. A central bank should therefore follow developments in several indicators of underlying inflation.
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