Trend, seasonal, and sectorial inflation in the Euro Area

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dc.contributor.authorStock, James H.
dc.contributor.authorWatson, Mark W.
dc.date.accessioned2020-09-30T19:51:53Z
dc.date.available2020-09-30T19:51:53Z
dc.date.issued2020
dc.descriptionA central focus of monetary policy is the underlying rate of inflation that might be expected to prevail over a horizon of one or two years. Because inflation is estimated from noisy data, the estimation of this underlying rate of inflation, which we refer to as trend inflation, requires statistical methods to extract the inflation “signal” from the noise. The task of measuring trend inflation is further complicated by the large seasonal fluctuations in many prices, so that attempts to estimate core or trend inflation at a frequency higher than annual must additionally either use seasonally adjusted data or undertake seasonal adjustment as part of the effort to measure trend inflation.es_ES
dc.description.abstractA central focus of monetary policy is the underlying rate of inflation that might be expected to prevail over a horizon of one or two years. Because inflation is estimated from noisy data, the estimation of this underlying rate of inflation, which we refer to as trend inflation, requires statistical methods to extract the inflation “signal” from the noise. The task of measuring trend inflation is further complicated by the large seasonal fluctuations in many prices, so that attempts to estimate core or trend inflation at a frequency higher than annual must additionally either use seasonally adjusted data or undertake seasonal adjustment as part of the effort to measure trend inflation.es_ES
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 317-344
dc.identifier.issn978-956-7421-67-1
dc.identifier.issn978-956-7421-68-8 (pdf)
dc.identifier.urihttps://hdl.handle.net/20.500.12580/4886
dc.language.isoenes_ES
dc.publisherBanco Central de Chilees_ES
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 27
dc.relation.ispartofSerie Banca Central, análisis y políticas económicas, no. 27
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectINFLACIÓNes_ES
dc.subjectPOLÍTICA MONETARIAes_ES
dc.titleTrend, seasonal, and sectorial inflation in the Euro Areaes_ES
dc.type.docArtículo

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