IDEAS home Printed from https://ideas.repec.org/p/bcr/wpaper/201773.html
   My bibliography  Save this paper

Evaluation of Core Inflation Measures for Argentina

Author

Listed:
  • Mauricio Maximiliano Gómez Aguirre

    (Central Bank of Argentina)

  • Constanza Matarrelli

    (Central Bank of Argentina)

Abstract

In this paper, statistical measures of core inflation are calculated -including principal components method, truncated means method and persistence and volatility reweighted indeces- for the consumer price index (CPI) of Buenos Aires City, Córdoba and San Luis. Following the criteria that a good indicator must meet according to the literature, it is found that the core inflation measure calculated from the first main component is the best ranked for the City of Buenos Aires, while for San Luis and Córdoba the best relative performance it is displayed by the measure calculated from the 30% asymmetric truncated mean.

Suggested Citation

  • Mauricio Maximiliano Gómez Aguirre & Constanza Matarrelli, 2017. "Evaluation of Core Inflation Measures for Argentina," BCRA Working Paper Series 201773, Central Bank of Argentina, Economic Research Department.
    • Handle: RePEc:bcr:wpaper:201773
    as

    Download full text from publisher

    File URL: http://www.bcra.gov.ar/Institucional/DescargaPDF/DownloadPDF.aspx?Id=590
    File Function: Spanish version
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    inflation; core inflation; principal components; truncated averages;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcr:wpaper:201773. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Federico Grillo (email available below). General contact details of provider: https://edirc.repec.org/data/bcraaar.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.