A NOTE ON THE TRIMMED MEAN MEASURE OF CORE INFLATION IN SOUTH AFRICA

Autor:	Logan Rangasamy, Zelda Blignaut, Victor Munyama, Greg Farrell
Rok vydání:	2009
Předmět:	Inflation Macroeconomics Economics and Econometrics Inflation targeting Headline inflation media_common.quotation_subject Producer Price Index (India) Monetary policy Relative price Econometrics Economics Real interest rate Core inflation media_common
Zdroj:	South African Journal of Economics. 77:538-552
ISSN:	1813-6982 0038-2280
DOI:	10.1111/j.1813-6982.2009.01230.x
Popis:	This paper constructs and analyses the properties of a trimmed mean inflation rate for South Africa. Based on an analysis of the distributions of the consumer price index component price changes, a measure is constructed that provides an estimator of core inflation, which may be particularly useful to policymakers in an inflation-targeting environment. The trimmed mean estimator focuses on the price movements of individual components that have a strong bearing on the current and future trend of the headline inflation rate, allowing monetary policy to be directed at the persistent or underlying sources of inflationary pressures.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::1c3e6c564edf122167a21c7a3f8883b8 https://doi.org/10.1111/j.1813-6982.2009.01230.x Zobrazit plný text záznamu Plný text