| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4627 |
| DP4627 Sequential Information Flow and Real-Time Diagnosis of Swiss Inflation: Intra-Monthly DCF Estimates for a Low-Inflation Environment | |
| Andreas Fischer; Marlene Amstad | |
| 发表日期 | 2004-09-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | The timely release of macroeconomic data imposes a distinct structure on the panel: the clustering and sequential ordering of real and nominal variables. We call this orderly release of economic data sequential information flow. The ordered panel generates a new class of restrictions that are helpful in interpreting the real-time estimates of monthly core inflation through the identification of turning points and structural shocks. After establishing the sought-after properties (of smoothness, stability, and forecasting) for core inflation, we turn to the discussion of real-time diagnosis for a low inflation environment. This is done in the context of weekly estimates of Swiss inflation. The intra-monthly estimates for core inflation find that it is worthwhile to update this measure at least twice a month. |
| 主题 | International Macroeconomics |
| 关键词 | Common factors inflation Sequential information flow |
| URL | https://cepr.org/publications/dp4627 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533547 |
| 推荐引用方式 GB/T 7714 | Andreas Fischer,Marlene Amstad. DP4627 Sequential Information Flow and Real-Time Diagnosis of Swiss Inflation: Intra-Monthly DCF Estimates for a Low-Inflation Environment. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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