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Federal Reserve Bank of Dallas
Working Papers
Core inflation: a review of some conceptual issues
Mark A. Wynne
Abstract

This paper reviews various approaches to the measurement of core inflation that have been proposed in recent years. The objective is to determine whether the European Central Bank (ECB) should pay special attention to one or other of these measures in assessing inflation developments in the euro area. I put particular emphasis on the conceptual and practical problems that arise in the measurement of core inflation, and propose some criteria that could be used by the ECB to choose a core inflation measure.


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Mark A. Wynne, Core inflation: a review of some conceptual issues, Federal Reserve Bank of Dallas, Working Papers 9903, 1999.
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Note: Wynne, Mark A. (2008), "Core Inflation: A Review of Some Conceptual Issues," Federal Reserve Bank of St. Louis Review 90 (3, Part 2): 205-228.
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