Mr.Scott Roger
Description
Empirical evidence on the distribution of relative price changes almost invariably reveals high kurtosis and a tendency toward right-skewness. Simple
...
mixed distribution models including volatile and infrequently adjusted prices can account for these and other common features, such as correlation between the mean and variance of relative prices. In such circumstances, robust measures of central tendency are likely to outperform the mean or standard measures of “core” inflation as indicators of generalized inflation. The analysis also supports the use of geometric averaging in CPI construction and the targeting of the geometric mean inflation rate rather than the Laspeyres mean.
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Genres
Business & Economics
Politics & Social Issues
Tags
Social Science
Business & Economics
Economics
Macroeconomics
Demography
Inflation
Reading Moods
No reading moods specified
Contributors
No contributors specified
Publishing Info
Publisher
International Monetary Fund
Month-Year
Mar, 2000
ISBN
ISBN-13: 9781451847857
ISBN-10: 1451847858
Language
English
No. of Pages
43
Format
Paperback
Awards & Recognition
No awards specified
Available at
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