Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212723 
Year of Publication: 
2011
Series/Report no.: 
BOFIT Discussion Papers No. 35/2011
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
With recovery from the global financial crisis in 2009 and 2010, inflation emerged as a major concern for many central banks in emerging Asia. We use data observed at mixed frequencies to estimate the movement of Chinese headline inflation within the framework of a state-space model, and then take the estimated indicator to nowcast Chinese CPI inflation. The importance of forward-looking and high-frequency variables in tracking inflation dynamics is highlighted and the policy implications discussed.
Subjects: 
Nowcasting
CPI inflation cycle
mixed-frequency modelling
dynamic factor model
China
JEL: 
C53
E31
E37
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-730-6
Document Type: 
Working Paper

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