Title: Forecasting Core Inflation in Canada: Should We Forecast the Aggregate or the Components?
Abstract: The authors investigate the behaviour of core inflation in Canada to analyze three key issues: (i) homogeneity in the response of various price indexes to demand or real exchange rate shocks relative to the response of aggregate core inflation; (ii) whether using disaggregate data helps to improve the forecast of core inflation; and (iii) whether using monthly data helps to improve quarterly forecasts.
Publication Year: 2005
Publication Date: 2005-01-01
Language: en
Type: preprint
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Cited By Count: 8
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