Trend, seasonal, and sectorial inflation in the Euro Area

A central focus of monetary policy is the underlying rate of inflation that might be expected to prevail over a horizon of one or two years. Because inflation is estimated from noisy data, the estimation of this underlying rate of inflation, which we refer to as trend inflation, requires statist...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Stock, James H., Watson, Mark W.
Formato:	Artículo
Lenguaje:	English
Publicado:	Banco Central de Chile 2020
Materias:	INFLACIÓN POLÍTICA MONETARIA
Acceso en línea:	https://hdl.handle.net/20.500.12580/4886
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai-20.500.12580-4886
record_format	dspace
spelling	oai-20.500.12580-48862021-04-24T12:37:02Z Trend, seasonal, and sectorial inflation in the Euro Area Stock, James H. Watson, Mark W. INFLACIÓN POLÍTICA MONETARIA A central focus of monetary policy is the underlying rate of inflation that might be expected to prevail over a horizon of one or two years. Because inflation is estimated from noisy data, the estimation of this underlying rate of inflation, which we refer to as trend inflation, requires statistical methods to extract the inflation “signal” from the noise. The task of measuring trend inflation is further complicated by the large seasonal fluctuations in many prices, so that attempts to estimate core or trend inflation at a frequency higher than annual must additionally either use seasonally adjusted data or undertake seasonal adjustment as part of the effort to measure trend inflation. A central focus of monetary policy is the underlying rate of inflation that might be expected to prevail over a horizon of one or two years. Because inflation is estimated from noisy data, the estimation of this underlying rate of inflation, which we refer to as trend inflation, requires statistical methods to extract the inflation “signal” from the noise. The task of measuring trend inflation is further complicated by the large seasonal fluctuations in many prices, so that attempts to estimate core or trend inflation at a frequency higher than annual must additionally either use seasonally adjusted data or undertake seasonal adjustment as part of the effort to measure trend inflation. 2020-09-30T19:51:53Z 2020-09-30T19:51:53Z 2020 Artículo 978-956-7421-67-1 978-956-7421-68-8 (pdf) https://hdl.handle.net/20.500.12580/4886 en Series on Central Banking Analysis and Economic Policies no. 27 Serie Banca Central, análisis y políticas económicas, no. 27 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 317-344 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	English
topic	INFLACIÓN POLÍTICA MONETARIA
spellingShingle	INFLACIÓN POLÍTICA MONETARIA Stock, James H. Watson, Mark W. Trend, seasonal, and sectorial inflation in the Euro Area
description	A central focus of monetary policy is the underlying rate of inflation that might be expected to prevail over a horizon of one or two years. Because inflation is estimated from noisy data, the estimation of this underlying rate of inflation, which we refer to as trend inflation, requires statistical methods to extract the inflation “signal” from the noise. The task of measuring trend inflation is further complicated by the large seasonal fluctuations in many prices, so that attempts to estimate core or trend inflation at a frequency higher than annual must additionally either use seasonally adjusted data or undertake seasonal adjustment as part of the effort to measure trend inflation.
format	Artículo
author	Stock, James H. Watson, Mark W.
author_facet	Stock, James H. Watson, Mark W.
author_sort	Stock, James H.
title	Trend, seasonal, and sectorial inflation in the Euro Area
title_short	Trend, seasonal, and sectorial inflation in the Euro Area
title_full	Trend, seasonal, and sectorial inflation in the Euro Area
title_fullStr	Trend, seasonal, and sectorial inflation in the Euro Area
title_full_unstemmed	Trend, seasonal, and sectorial inflation in the Euro Area
title_sort	trend, seasonal, and sectorial inflation in the euro area
publisher	Banco Central de Chile
publishDate	2020
url	https://hdl.handle.net/20.500.12580/4886
work_keys_str_mv	AT stockjamesh trendseasonalandsectorialinflationintheeuroarea AT watsonmarkw trendseasonalandsectorialinflationintheeuroarea
_version_	1718346615371071488

Trend, seasonal, and sectorial inflation in the Euro Area

Ejemplares similares