Core inflation in a small transition country: choice of optimal measures

Several non-monetary (mainly supply) factors affect prices in the short-run. It is widely acknowledged that in countries (especially countries in transition), where the price level is highly volatile and seasonal, it is not expedient for central banks to use official inflation index while formulatin...

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Bibliographic Details
Main Author: Gagik G. Aghajanyan
Format: Article
Language:English
Published: Università Carlo Cattaneo LIUC 2005-06-01
Series:The European Journal of Comparative Economics
Subjects:
Online Access:http://eaces.liuc.it/18242979200501/182429792005020105.pdf