Tracking Chinese CPI inflation in real time
- Link:
- Autor/in:
- Erscheinungsjahr:
- 2015
- Medientyp:
- Text
- Schlagworte:
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- Forecasting
- Nowcasting
- Dynamic factor
- Monetary Policy
- Economic Growth
- Exports
- Forecasting
- Nowcasting
- Dynamic factor
- Monetary Policy
- Economic Growth
- Exports
- Beschreibung:
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- With recovery from the global financial crisis in 2009 and 2010, inflation emerged as a concern for many central banks in emerging Asia. We use data observed at mixed frequencies to estimate the movement of Chinese headline inflation within the framework of a state-space model, and then take the estimated indicator to now-cast Chinese CPI inflation. The importance of forward-looking and high-frequency variables in tracking inflation dynamics is highlighted and the policy implications discussed.
- With recovery from the global financial crisis in 2009 and 2010, inflation emerged as a concern for many central banks in emerging Asia. We use data observed at mixed frequencies to estimate the movement of Chinese headline inflation within the framework of a state-space model, and then take the estimated indicator to now-cast Chinese CPI inflation. The importance of forward-looking and high-frequency variables in tracking inflation dynamics is highlighted and the policy implications discussed.
- Lizenz:
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- info:eu-repo/semantics/closedAccess
- Quellsystem:
- Forschungsinformationssystem der UHH
Interne Metadaten
- Quelldatensatz
- oai:www.edit.fis.uni-hamburg.de:publications/2672a2a3-29d9-44d5-bfdd-a613c9ace525