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Measuring core inflation in Bangladesh : an unobserved components approach

Bashar, Omar H. M. N. 2011, Measuring core inflation in Bangladesh : an unobserved components approach, Indian economic review, vol. 46, no. 1, pp. 109-129.

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Title Measuring core inflation in Bangladesh : an unobserved components approach
Author(s) Bashar, Omar H. M. N.
Journal name Indian economic review
Volume number 46
Issue number 1
Start page 109
End page 129
Publisher Department of Economics, Dehli School of Economics
Place of publication New Delhi, India
Publication date 2011
ISSN 0019-4670
Summary This paper attempts to construct a core inflation measure for Bangladesh using an Unobserved Components modelling approach. One advantage of the Unobserved Components approach is that this method satisfies some essential statistical criteria for a core inflation measure, which are not guaranteed to be met in other traditional exclusionbased methods. The estimated core inflation series performs well in tracking headline inflation and picking the major turning points in actual inflation. It is also found that there is a negative covariance between the shocks to the core inflation and cyclical inflation, indicating that there may be positive correlation between demand and supply shocks in Bangladesh.
Language eng
Field of Research 140212 Macroeconomics (incl Monetary and Fiscal Theory)
140305 Time-Series Analysis
Socio Economic Objective 910108 Monetary Policy
HERDC Research category C1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30041507

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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