Banco Central de Reserva del Perú Banco Central de Reserva del Perú Investigación Económica y Financiera
ES

A measure of core inflation for monetary policy proposals in Peru

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December 2000

Language: Spanish

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A measure of core inflation for monetary policy proposals in Peru

Abstract

It highlights the role and involvement of the Central Reserve Bank in monetary stability. A model is applied to measure core inflation. An extension of the technique developed by Quah and Vahey is presented and applied to Peru to measure core inflation based on the hypothesis of long-run money neutrality.