Measures of underlying inflation in Sri Lanka /

During the first half of 2008, Sri Lanka witnessed significantly higher inflation than most other emerging Asian countries. Inflation has since declined amid declining world commodity prices and tight monetary policy. Given the sensitivity to global commodity prices, a core inflation measure could b...

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Bibliographic Details
Online Access: Full text (MCPHS users only)
Main Authors: Gupta, Souvik (Author), Saxegaard, Magnus (Author)
Corporate Author: International Monetary Fund. Asia and Pacific Department
Format: Electronic eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, 2009
Series:IMF working paper ; WP/09/167.
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245 1 0 |a Measures of underlying inflation in Sri Lanka /  |c prepared by Souvik Gupta and Magnus Saxegaard. 
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504 |a Includes bibliographical references. 
505 0 |a I. Introduction; Figures; 1. Consumer Price Inflation; 2. Capacity Utilization; 3. Inflationary Pressure; II. Background; 4. Reserve Money and Credit; III. Alternative Measures of Core Inflation; A. Exclusion-based Methods; 5. Exclusion Based Measure of Core Inflation; B. Limited Influence Estimators; C. Reweighing the CPI; 6. Trimmed Mean Inflation; 7. Root Mean Squared Errors of Alternative Trimmed Mean Measures; D. Model-based Methods; 8. Persistence Weighted Measure of Core Inflation; IV. Conditions to Evaluate Measures of Core Inflation; 9. Quah-Vahey Measure of Core Inflation 
505 8 |a A. Marques et al. (2004) TestsV. Results; Tables; 1. Evaluation of Measures of Core Inflation; VI. Concluding Remarks; References 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
520 |a During the first half of 2008, Sri Lanka witnessed significantly higher inflation than most other emerging Asian countries. Inflation has since declined amid declining world commodity prices and tight monetary policy. Given the sensitivity to global commodity prices, a core inflation measure could be useful for monetary policy. The purpose of this paper is to compare the performance of Sri Lanka's existing official measure of core inflation against alternative measures. Our findings suggest that the existing measure does contain information about the future path of headline information, but may be inadequate as a communication tool for the Central Bank. 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2011.  |5 MiAaHDL 
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