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008190910t20192019onca    ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
0410 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-6/2019-9E-PDF
1001 |aLao, Helen, |eauthor.
24512|aA comprehensive evaluation of measures of core inflation for Canada : |ban update / |cby Helen Lao and Ceciline Steyn.
264 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2019.
264 4|c©2019
300 |a1 online resource (ii, 14 pages) : |bcolour illustrations.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aBank of Canada staff discussion paper, |x1914-0568 ; |v2019-9
500 |a"September 2019."
504 |aIncludes bibliographical references.
5203 |a"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.
546 |aIncludes abstracts in English and French.
69207|2gccst|aInflation
69207|2gccst|aModels
7001 |aSteyn, Ceciline, |eauthor.
7102 |aBank of Canada.
830#0|aStaff discussion paper (Bank of Canada)|v2019-9.|w(CaOODSP)9.806273
85640|qPDF|s768 KB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-6-2019-9-eng.pdf