Which Measure of Inflation: Headline, Core or Trimmed?

This is the title of my new paper. It looks at how central bankers look and prefer these measures of inflation. Looks at case studies of Fed, ECB and BoE and the divergence in central bamker views.

I remain surprised that despite wide divergence amidst Fed members, I see no dissent in Apr-11 FOMC meeting. This is something I have been noting whenever Regional Fed Presidents don’t talk in lines with FOMC views (see this and this). Why just talk?

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One Response to “Which Measure of Inflation: Headline, Core or Trimmed?”

  1. Would Modern Economists Make the Same Mistake as 1937? « Mostly Economics Says:

    […] also does not include this massive debate on headline vs core inflation (see this, this, this). In 1937 we did not have anything like headline vs core and policymakers only looked at headline. […]

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