How much to trim? A methodology for calculating core inflation, with an application for Brazil
The concept of core inflation has been central to the discussions concerning macroeconomic policy management. In spite of this fact, no single measure of this concept has achieved consensus so far. Here, we propose the application of a statistical methodology based on trimmed means, where the amoun...
| Main Authors: | , |
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| Format: | Article |
| Language: | Portuguese |
| Published: |
Universidade de São Paulo
2000-12-01
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| Series: | Economia Aplicada |
| Subjects: | |
| Online Access: | https://www.revistas.usp.br/ecoa/article/view/145207 |
| _version_ | 1797653968686415872 |
|---|---|
| author | Paulo Picchetti Celso Toledo |
| author_facet | Paulo Picchetti Celso Toledo |
| author_sort | Paulo Picchetti |
| collection | DOAJ |
| description |
The concept of core inflation has been central to the discussions concerning macroeconomic policy management. In spite of this fact, no single measure of this concept has achieved consensus so far. Here, we propose the application of a statistical methodology based on trimmed means, where the amount of trim is based on a benchmark provided by a common stochastic components model, which we believe captures the essence of the core inflation concept. We apply this measure to the IPC-FIPE and IPCA-IBGE, two of the leading consumer price indexes in Brazil, and comment on the results.
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| first_indexed | 2024-03-11T16:52:33Z |
| format | Article |
| id | doaj.art-96a94ffb621146a5a8e785e5288359cc |
| institution | Directory Open Access Journal |
| issn | 1413-8050 1980-5330 |
| language | Portuguese |
| last_indexed | 2024-03-11T16:52:33Z |
| publishDate | 2000-12-01 |
| publisher | Universidade de São Paulo |
| record_format | Article |
| series | Economia Aplicada |
| spelling | doaj.art-96a94ffb621146a5a8e785e5288359cc2023-10-21T04:09:24ZporUniversidade de São PauloEconomia Aplicada1413-80501980-53302000-12-0144How much to trim? A methodology for calculating core inflation, with an application for BrazilPaulo Picchetti0Celso Toledo1Universidade de São PauloMB Associados. Universidade de São Paulo The concept of core inflation has been central to the discussions concerning macroeconomic policy management. In spite of this fact, no single measure of this concept has achieved consensus so far. Here, we propose the application of a statistical methodology based on trimmed means, where the amount of trim is based on a benchmark provided by a common stochastic components model, which we believe captures the essence of the core inflation concept. We apply this measure to the IPC-FIPE and IPCA-IBGE, two of the leading consumer price indexes in Brazil, and comment on the results. https://www.revistas.usp.br/ecoa/article/view/145207core inflationtrimmed means |
| spellingShingle | Paulo Picchetti Celso Toledo How much to trim? A methodology for calculating core inflation, with an application for Brazil Economia Aplicada core inflation trimmed means |
| title | How much to trim? A methodology for calculating core inflation, with an application for Brazil |
| title_full | How much to trim? A methodology for calculating core inflation, with an application for Brazil |
| title_fullStr | How much to trim? A methodology for calculating core inflation, with an application for Brazil |
| title_full_unstemmed | How much to trim? A methodology for calculating core inflation, with an application for Brazil |
| title_short | How much to trim? A methodology for calculating core inflation, with an application for Brazil |
| title_sort | how much to trim a methodology for calculating core inflation with an application for brazil |
| topic | core inflation trimmed means |
| url | https://www.revistas.usp.br/ecoa/article/view/145207 |
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