Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/78057
Authors: 
Hahn, Elke
Year of Publication: 
2002
Series/Report no.: 
CFS Working Paper 2001/09
Abstract: 
Against the difficult background of analysing aggregated data in this paper core inflation in the euro area is estimated by means of the structural vector autoregressive approach. We demonstrate that the HICP sometimes seems to be a misleading indicator for monetary policy in the euro area. We furthermore compare our core inflation measure to the wide-spread ex food and energy measure, often referred to by the ECB. In addition we provide evidence that our measure is a coincident indicator of HICP inflation. Assessing the robustness of our core inflation measure we carefully conclude that it seems to be quite reliable.
Subjects: 
Core Inflation
Structural VAR Approach
Euro Area
JEL: 
C32
E31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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