Triple-Filter Core Inflation: A Measure of the Inflation Trajectory

Detalhes bibliográficos
Autor(a) principal: FERREIRA,PEDRO COSTA
Data de Publicação: 2017
Outros Autores: MATTOS,DAIANE MARCOLINO DE, ARDEO,VAGNER LAERTE
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista Brasileira de Economia (Online)
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402017000400397
Resumo: In countries with high inflation, as is the case of Brazil, the traditional cores inflation do not seem to deliver much information about the general level of prices. Therefore, we present a new measure, the Triple-Filter core inflation, which filters inflation in three ways: trimmed mean with smoothed items, seasonal adjustment and moving averages. The results allow us to say that the Triple-Filter core inflation, in addition to providing more information about the inflation trajectory than traditional core inflation, provides a more up-to-date view on the state of inflation than the accumulated inflation over 12 months.
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spelling Triple-Filter Core Inflation: A Measure of the Inflation TrajectoryCPICore inflationSmoothed trimmed meanMoving averageSeasonal adjustmentIn countries with high inflation, as is the case of Brazil, the traditional cores inflation do not seem to deliver much information about the general level of prices. Therefore, we present a new measure, the Triple-Filter core inflation, which filters inflation in three ways: trimmed mean with smoothed items, seasonal adjustment and moving averages. The results allow us to say that the Triple-Filter core inflation, in addition to providing more information about the inflation trajectory than traditional core inflation, provides a more up-to-date view on the state of inflation than the accumulated inflation over 12 months.Fundação Getúlio Vargas2017-12-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402017000400397Revista Brasileira de Economia v.71 n.4 2017reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGV10.5935/0034-7140.20170019info:eu-repo/semantics/openAccessFERREIRA,PEDRO COSTAMATTOS,DAIANE MARCOLINO DEARDEO,VAGNER LAERTEeng2017-12-19T00:00:00Zoai:scielo:S0034-71402017000400397Revistahttp://bibliotecadigital.fgv.br/ojs/index.php/rbe/issue/archivehttps://old.scielo.br/oai/scielo-oai.php||rbe@fgv.br1806-91340034-7140opendoar:2017-12-19T00:00Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)false
dc.title.none.fl_str_mv Triple-Filter Core Inflation: A Measure of the Inflation Trajectory
title Triple-Filter Core Inflation: A Measure of the Inflation Trajectory
spellingShingle Triple-Filter Core Inflation: A Measure of the Inflation Trajectory
FERREIRA,PEDRO COSTA
CPI
Core inflation
Smoothed trimmed mean
Moving average
Seasonal adjustment
title_short Triple-Filter Core Inflation: A Measure of the Inflation Trajectory
title_full Triple-Filter Core Inflation: A Measure of the Inflation Trajectory
title_fullStr Triple-Filter Core Inflation: A Measure of the Inflation Trajectory
title_full_unstemmed Triple-Filter Core Inflation: A Measure of the Inflation Trajectory
title_sort Triple-Filter Core Inflation: A Measure of the Inflation Trajectory
author FERREIRA,PEDRO COSTA
author_facet FERREIRA,PEDRO COSTA
MATTOS,DAIANE MARCOLINO DE
ARDEO,VAGNER LAERTE
author_role author
author2 MATTOS,DAIANE MARCOLINO DE
ARDEO,VAGNER LAERTE
author2_role author
author
dc.contributor.author.fl_str_mv FERREIRA,PEDRO COSTA
MATTOS,DAIANE MARCOLINO DE
ARDEO,VAGNER LAERTE
dc.subject.por.fl_str_mv CPI
Core inflation
Smoothed trimmed mean
Moving average
Seasonal adjustment
topic CPI
Core inflation
Smoothed trimmed mean
Moving average
Seasonal adjustment
description In countries with high inflation, as is the case of Brazil, the traditional cores inflation do not seem to deliver much information about the general level of prices. Therefore, we present a new measure, the Triple-Filter core inflation, which filters inflation in three ways: trimmed mean with smoothed items, seasonal adjustment and moving averages. The results allow us to say that the Triple-Filter core inflation, in addition to providing more information about the inflation trajectory than traditional core inflation, provides a more up-to-date view on the state of inflation than the accumulated inflation over 12 months.
publishDate 2017
dc.date.none.fl_str_mv 2017-12-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402017000400397
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402017000400397
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.5935/0034-7140.20170019
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Fundação Getúlio Vargas
publisher.none.fl_str_mv Fundação Getúlio Vargas
dc.source.none.fl_str_mv Revista Brasileira de Economia v.71 n.4 2017
reponame:Revista Brasileira de Economia (Online)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Revista Brasileira de Economia (Online)
collection Revista Brasileira de Economia (Online)
repository.name.fl_str_mv Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||rbe@fgv.br
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