Core inflation in the Euro area

被引:9
|
作者
Bagliano, FC [1 ]
Golinelli, R
Morana, C
机构
[1] Univ Turin, Dipartimento Sci Econ & Finanziarie G Prato, Turin, Italy
[2] Univ Bologna, Dipartimento Sci Econ, Bologna, Italy
[3] Univ Piemonte Orientale, Dipartimento Sci Econ & Metodi Quantitat, Novara, Italy
关键词
D O I
10.1080/13504850110086035
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using a common trends model, a forward-looking 'core' inflation measure is estimated 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.
引用
收藏
页码:353 / 357
页数:5
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