00000nam 2200000zi 4500 9.879092 CaOODSP 20221107165424 m o d f cr cn||||||||| 190910t20192019onca ob f000 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-6/2019-9E-PDF Lao, Helen, author. A comprehensive evaluation of measures of core inflation for Canada : an update / by Helen Lao and Ceciline Steyn. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2019. ©2019 1 online resource (ii, 14 pages) : colour illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Bank of Canada staff discussion paper, 1914-0568 ; 2019-9 "September 2019." Includes bibliographical references. "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. Includes abstracts in English and French. gccst Inflation gccst Models Steyn, Ceciline, author. Bank of Canada. Staff discussion paper (Bank of Canada) 2019-9. (CaOODSP)9.806273 PDF 768 KB https://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-6-2019-9-eng.pdf