English, Article edition: The Monthly Measurement of Core Inflation in Japan Bryan, Michael-F; Cecchetti, Stephen-G

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/35579
Physical Description
  • article
Language
  • English

Edition details

Title
  • The Monthly Measurement of Core Inflation in Japan
Author
  • Bryan, Michael-F
  • Cecchetti, Stephen-G
Physical Description
  • article
Notes
  • This paper considers the use of trimmed means as monthly indicators of Japanese core inflation. As in Bryan, Cecchetti, and Wiggins (1997) for the United States, and Roger (1997) for New Zealand, we find that trimming the tails of the price change distribution substantially improves high-frequency estimates of Japanese core inflation. These estimators yield efficiency gains of roughly two-thirds over the Japanese CPI. While we find that trimming approximately 35 percent from each tail of the price change distribution produces the most efficient monthly estimator over the full 27-year period, a range of trimmed-mean estimators (between 21 percent and the median price change) provide nearly the same signal. Moreover, we find that these estimators are superior to the standard monthly core inflation estimator in Japan, the CPI less fresh food. At lower frequencies (12-month percent changes and beyond), the differences between the candidate estimators were found to be small, and the trimmed estimators were nearly the same as the CPI less fresh food and energy along many dimensions.
  • RePEc:ime:imemes:v:17:y:1999:i:1:p:77-101
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment