Measuring core inflation in india: An asymmetric trimmed mean approach

dc.contributor.author Sharma, Naresh Kumar
dc.contributor.author Bicchal, Motilal
dc.date.accessioned 2022-03-27T02:10:04Z
dc.date.available 2022-03-27T02:10:04Z
dc.date.issued 2015-02-19
dc.description.abstract The paper seeks to obtain an optimal asymmetric trimmed mean-based core inflation measure in the class of trimmed mean measures when the distribution of price changes is leptokurtic and skewed to the right for any given period. Several estimators based on asymmetric trimmed mean approach are constructed and estimates generated by use of these estimators are evaluated on the basis of certain established empirical criteria. The paper also provides the method of trimmed mean expression “in terms of percentile score.” This study uses 69 monthly price indices which are constituent components of Wholesale Price Index for the period, April 1994 to April 2009, with 1993–1994 as the base year. Results of the study indicate that an optimally trimmed estimator is found when we trim 29.5% from the left-hand tail and 20.5% from the right-hand tail of the distribution of price changes.
dc.identifier.citation Cogent Economics and Finance. v.3(1)
dc.identifier.uri 10.1080/23322039.2015.1014252
dc.identifier.uri https://www.tandfonline.com/doi/full/10.1080/23322039.2015.1014252
dc.identifier.uri https://dspace.uohyd.ac.in/handle/1/4835
dc.subject Asymmetric trimmed mean
dc.subject Core inflation
dc.subject Inflation
dc.subject Wholesale price index
dc.title Measuring core inflation in india: An asymmetric trimmed mean approach
dc.type Journal. Article
dspace.entity.type
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