  |
|
|
||||
|
||||
Core Inflation in the Euro Area
Fabio C. Bagliano Department of Economics and Public Finance Roberto Golinelli University of Bologna - Department of Economics Claudio Morana University of Piemonte Orientale; International Centre for Economic Research (ICER) Applied Economics Letters, Vol. 9, pp. 353-357, 2002 Abstract: Using a common trends model, we estimate a forward-looking core inflation measure for the Euro area based on long-run relations among major macroeconomic variables, bearing the interpretation of long-run inflation forecast. The proposed measure may be particularly suitable for the two-pillar monetary policy strategy of the ECB which focuses on medium-term inflation prospects.
Keywords: Core inflation, common trend, European Central Bank, monetary policy JEL Classifications: C32, E31, E52 Accepted Paper SeriesDate posted: December 18, 2001 ; Last revised: October 18, 2005Suggested CitationContact Information
|
|
||||||||||||||||||||
© 2010 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was served by apolloc 6 in 0.250 seconds.
Facebook
Twitter
Digg
Del.icio.us
CiteULike
