Underlying inflation in the spanish economy: estimation and methodology

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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.identifier.issn 2340-5031
dc.identifier.uri http://hdl.handle.net/10016/2817
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.language.iso eng
dc.relation.ispartofseries Working Papers
dc.relation.ispartofseries 1991-30
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
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 workingPaper
dc.type workingPaper
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
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