Is it Time to Reassess the Focal Role of Core PCE Inflation in Assessing the Trend in PCE Inflation?
“Core” PCE inflation—that is, inflation in PCE-ex-food-and-energy—is widely used as an estimate of trend inflation. But it is long overdue for replacement. The original rationale of core inflation was to remove volatile items with transitory shocks. But aside from gasoline, the list of excluded item...
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| Formato: | Artículo (Article) |
| Idioma: | Inglés (English) |
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Pontificia Universidad Católica del Perú
2022
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| Acceso en línea: | http://revistas.pucp.edu.pe/index.php/economia/article/view/25649 |