dc.contributor.author | Bermingham, Colin | |
dc.date.accessioned | 2011-08-22T14:44:30Z | |
dc.date.available | 2011-08-22T14:44:30Z | |
dc.date.issued | 2007 | |
dc.identifier.citation | Bermingham, Colin. 'How useful is core inflation for forecasting headline inflation?'. - Economic & Social Review, Vol. 38, no. 3, Winter, 2007, pp. 355?377, Dublin: Economic & Social Research Institute | |
dc.identifier.issn | 0012-9984 | |
dc.identifier.other | JEL E27 | |
dc.identifier.other | JEL E31 | |
dc.description.abstract | The paper constructs various core inflation measures. These include various trimmed
means using disaggregated data and a structural VAR estimate of core inflation for Ireland. The ability of these core inflation measures to forecast future headline inflation is compared using a regression model. An ARIMA model fitted to the headline inflation rate is used as the benchmark forecast. The forecasts from the ARIMA model are most accurate over short time horizons for
monthly data. The structural VAR based estimate is most accurate over longer time horizons. For quarterly data, the structural VAR provides the optimal forecast over all time horizons. | en |
dc.language.iso | en | |
dc.publisher | Economic & Social Studies | |
dc.relation.ispartof | Vol.XX, No. XX, Issue, Year | |
dc.source | Economic & Social Review | en |
dc.subject | Inflation | en |
dc.subject | Forecasting | en |
dc.subject | Quantitative economics | en |
dc.title | How useful is core inflation for forecasting headline inflation? | |
dc.type | Journal Article | |
dc.publisher.place | Dublin | en |
dc.identifier.uri | http://hdl.handle.net/2262/58990 | |