English, Article, Journal or magazine article edition: Using wavelets to measure core inflation: the case in New Zealand David Baqaee

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Bookmark: http://trove.nla.gov.au/version/59615
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Using wavelets to measure core inflation: the case in New Zealand
Author
  • David Baqaee
Physical Description
  • preprint
Notes
  • This paper uses wavelets to develop a core inflation measure for inflation targeting central banks. The analysis is applied to the case of New Zealand – the country with the longest history of explicit inflation targeting. We compare the performance of our proposed measure against some popular alternatives. Our measure does well at identifying a reliable medium-term trend in inflation. It also has comparable forecasting performance to standard benchmarks.
  • RePEc:nzb:nzbdps:2009/​05
Language
  • English
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