Underlying inflation in the spanish economy: estimation and methodology

Espasa, Antoni; Llanos Matea, Maria de los

Publication:
Underlying inflation in the spanish economy: estimation and methodology

dc.affiliation.dpto	UC3M. Departamento de Economía	es
dc.contributor.author	Espasa, Antoni
dc.contributor.author	Llanos Matea, Maria de los
dc.contributor.editor	Universidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned	2008-08-20T08:54:28Z
dc.date.available	2008-08-20T08:54:28Z
dc.date.issued	1991-11
dc.description.abstract	This paper presents a methodology to analyse the inflationary process in Spain. It is based on forecasts of the Consumer Price Index using quantitative models to obtain a measure of underlying inflation and the expected medium-term value of the annual price growth rate, which is called inertia in the paper. Every time a new observation becomes available, the study of the underlying inflation and inertia allows to be performed a systematic analysis of the inflationary process. The estimation of underlying inflation and inertia has also proven useful to improve the measurement of some important economic indicators such as inflation differentials and ex-ante real interest rates.
dc.format.mimetype	application/pdf
dc.identifier.issn	2340-5031
dc.identifier.uri	http://hdl.handle.net/10016/2817
dc.language.iso	eng
dc.relation.ispartofseries	Working Papers
dc.relation.ispartofseries	1991-30
dc.rights	Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRights	open access
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.eciencia	Economía
dc.subject.other	Underlying inflation
dc.subject.other	Signals
dc.subject.other	Non-observable components
dc.subject.other	Trend
dc.subject.other	Medium-term expectations
dc.subject.other	Inertia
dc.subject.other	Growth Rates
dc.title	Underlying inflation in the spanish economy: estimation and methodology
dc.type	working paper	*
dspace.entity.type	Publication