Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82321
Authors: 
Pedersen, Michael
Year of Publication: 
2005
Series/Report no.: 
Danmarks Nationalbank Working Papers 33
Abstract: 
We combine the ideas of the trimmed mean and the Edgeworth index to construct an alternative measure of core inflation named Trim of Most Volatile Components (TMVC). At each point of time this measure trims away the components of the price index, which have been most volatile in the past. TMVC tracks trend inflation better than other core inflation measures in the euro zone, but in the US the evidence is weaker.
Subjects: 
core inflation
trimmedmean
Edgeworth index
TMVC
JEL: 
E31
C43
Document Type: 
Working Paper

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