Measuring Core Inflation in Italy
Giornale degli Economisti, Vol. 58, pp. 301-28, 1999
Posted: 1 Nov 2005
Abstract
n this paper the long-run trend in CPI inflation (core inflation) for Italy is estimated over the 1962-1997 period. The estimates obtained with the Quah and Vahey (1995) bivariate structural VAR methodology and with a multivariate common trends model are compared. The results show the potential advantages for monetary policy of using a more informative common trends model to estimate the core inflation process.
Keywords: core inflation, common trends model, monetary policy, Italy
Suggested Citation: Suggested Citation
Morana, Claudio and Bagliano, Fabio C., Measuring Core Inflation in Italy. Giornale degli Economisti, Vol. 58, pp. 301-28, 1999, Available at SSRN: https://ssrn.com/abstract=828905
Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) ( email )
Piazza dell'Ateneo Nuovo, 1
Milan, 20126
Italy
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.