Different statistical core inflation measures for India: construction and evaluation

dc.contributor.author Bicchal, Motilal Anand
dc.contributor.author Sharma, Naresh Kumar
dc.contributor.author Kamaiah, Bandi
dc.date.accessioned 2022-03-27T02:10:05Z
dc.date.available 2022-03-27T02:10:05Z
dc.date.issued 2013-02-26
dc.description.abstract This paper computes several statistical measures for core inflation for India and provides methodology of construction of these core measures. Some of these have been computed for the first time for India, such as: persistence weighted, variations of 'Neo-Edgeworthian Index', asymmetric trimmed mean, and month-by-month exclusion (dynamic trimmed mean) core measures. For computing these core measures, the study uses both aggregate WPI and a detailed breakdown of the WPI. It covers the period April 1994-April 2009, with 1993-1994 as the base year. Subsequently, a comparison of these estimated core measures based on the criteria of usefulness of a measure of core inflation from a monetary policy point of view is carried out. The study finds only some representative measures of core inflation to be useful. © 2013 Copyright Taylor and Francis Group, LLC.
dc.identifier.citation Macroeconomics and Finance in Emerging Market Economies. v.6(1)
dc.identifier.issn 17520843
dc.identifier.uri 10.1080/17520843.2012.682339
dc.identifier.uri http://www.tandfonline.com/doi/abs/10.1080/17520843.2012.682339
dc.identifier.uri https://dspace.uohyd.ac.in/handle/1/4841
dc.subject asymmetric trimmed mean
dc.subject core inflation
dc.subject monetary policy
dc.subject price index
dc.subject WPI
dc.title Different statistical core inflation measures for India: construction and evaluation
dc.type Journal. Article
dspace.entity.type
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