Cross-sectional inflation asymmetries and core inflation: A comment on Bryan and Cecchetti
成果类型：
Editorial Material
署名作者：
Verbrugge, RJ
署名单位：
Virginia Polytechnic Institute & State University
刊物名称：
REVIEW OF ECONOMICS AND STATISTICS
ISSN/ISSBN：
0034-6535
DOI：
10.1162/003465399558166
发表日期：
1999-05
页码：
199-202
关键词：
摘要：
This paper reexamines the evidence relating core inflation to cross-sectional inflation asymmetry using statistical measures that are robust to the criticism of Bryan and Cecchetti. The results here suggest that there does exist significant positive correlation between core inflation and cross-sectional inflation asymmetry, but only at the monthly frequency. Furthermore, a sampling problem is highlighted which underscores the importance of careful Monte Carlo analysis when exact small-sample distributions are unknown.
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