Measuring U.S. Core Inflation : The Stress Test of COVID-19 /

Large price changes in industries affected by the COVID-19 pandemic have caused erratic fluctuations in the U.S. headline inflation rate. This paper compares alternative approaches to filtering out the transitory effects of these industry price changes and measuring the underlying or core level of i...

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Bibliographic Details
Main Author: Ball, Laurence
Other Authors: Leigh, Daniel, Mishra, Prachi, Spilimbergo, Antonio
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2021.
Series:IMF Working Papers; Working Paper ; No. 2021/291
Subjects:
Online Access:Full text available on IMF