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Various Measures of Underlying Inflation in Poland 1995 – 1998
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Przemysław Woźniak
Articles from this author:
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161st mBank-CASE Seminar Proceedings: Turning away from globalization? Trade wars and the rules of competition in global trade: Implications for the EU
The trade war between the U.S. and China began in March 2018. The American side raised import duties on aluminum and steel from China, which were later extended to other countries, including Canada, Mexico and the EU member states. This drew a negative reaction from those countries and bilateral negotiations with the U.S. In June … Continued
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Is Inflation a Global Threat?
Positive signs emerging from the global economy prompt many economists to voice their concerns about the threat of imminent inflation. However, a careful investigation of the current economic environment suggests that while some risks exist and need to be monitored ‐ inflation is very unlikely to get out of control in the short‐to‐medium term.
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161st mBank-CASE Seminar Proceedings: Turning away from globalization? Trade wars and the rules of competition in global trade: Implications for the EU
As inflation targeting gains popularity policy makers, monetary authorities seek to design a measure of inflation that would be a good indicator of fundamental demand-driven price movements, i.e. the underlying or core rate of inflation. It is widely acknowledged that the Consumer Price Index (which is the simple weighted average of price changes of the set of goods and services comprising the consumers’ expenditure basket) is a ratherdeficient indicator of the “trend” inflation as it is highly volatile, seasonal and contains a lot of noise. The ideal measure of core inflation should account for the long-term trend movements in prices that reflect the state of demand in the economy and discard various one-off shocks coming from supply side.