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Expectations and the core rate of inflation

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  • Richard H. Jefferis

Abstract

A comparison of actual inflation rates with expected inflation rates generated by a wide variety of econometric models, concluding that expected inflation may serve as an effective guide to monetary policy.

Suggested Citation

  • Richard H. Jefferis, 1990. "Expectations and the core rate of inflation," Economic Review, Federal Reserve Bank of Cleveland, vol. 26(Q IV), pages 13-21.
    • Handle: RePEc:fip:fedcer:y:1990:i:qiv:p:13-21:n:v.26no.4
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    References listed on IDEAS

    as
    1. Hamilton, James D, 1985. "Uncovering Financial Market Expectations of Inflation," Journal of Political Economy, University of Chicago Press, vol. 93(6), pages 1224-1241, December.
    2. Fama, Eugene F, 1982. "Inflation, Output, and Money," The Journal of Business, University of Chicago Press, vol. 55(2), pages 201-231, April.
    3. Burmeister, Edwin & Wall, Kent D & Hamilton, James D, 1986. "Estimation of Unobserved Expected Monthly Inflation Using Kalman Filtering," Journal of Business & Economic Statistics, American Statistical Association, vol. 4(2), pages 147-160, April.
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    Cited by:

    1. Prakash Kumar Shrestha, 2006. "Some Measures of Core Inflation and Their Evaluations in Nepal," NRB Economic Review, Nepal Rastra Bank, Research Department, vol. 18, pages 37-69, April.

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