A comprehensive evaluation of measures of core inflation for Canada : an update / by Helen Lao and Ceciline Steyn.: FB3-6/2019-9E-PDF
"We provide an updated evaluation of the value of various measures of core inflation that could be used in the conduct of monetary policy. We find that the Bank of Canada’s current preferred measures of core inflation—CPI-trim, CPI-median and CPI-common—continue to outperform alternative core measures across a range of criteria. These measures remain less biased, less volatile and much more persistent relative to alternative core measures and CPI inflation. They are also still moving with the economic cycle. Our analysis shows that historical revisions have been relatively small among these three core inflation measures since their inception and that CPI-common seems less prone to revisions and sector-specific shocks than CPI-trim and CPI-median"--Abstract, page ii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.879092&sl=0
| Department/Agency |
|
|---|---|
| Title | A comprehensive evaluation of measures of core inflation for Canada : an update / by Helen Lao and Ceciline Steyn. |
| Series title |
|
| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
| Electronic document | |
| Note(s) |
|
| Publishing information |
|
| Author / Contributor |
|
| Description | 1 online resource (ii, 14 pages) : colour illustrations. |
| Catalogue number |
|
| Subject terms |
Request alternate formats
To request an alternate format of a publication, complete the Government of Canada Publications email form. Use the form’s “question or comment” field to specify the requested publication.Page details
- Date modified: