Browsing Economía by Author "Verbrugge, Randal"
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Is it Time to Reassess the Focal Role of Core PCE Inflation in Assessing the Trend in PCE Inflation?
Verbrugge, Randal (Pontificia Universidad Católica del PerúPE, 2022-08-01)“Core” PCE inflation—that is, inflation in PCE-ex-food-and-energy—is widely used as an estimate of trend inflation. But it is long overdue for replacement. The original rationale of core inflation was to remove volatile ...