LEADER 04496oam 22009974 450 001 9910788229703321 005 20230721045656.0 010 $a1-4623-3760-0 010 $a1-4527-2988-3 010 $a9786612843808 010 $a1-282-84380-X 010 $a1-4518-7314-X 035 $a(CKB)3170000000055321 035 $a(EBL)1608397 035 $a(SSID)ssj0000942123 035 $a(PQKBManifestationID)11967108 035 $a(PQKBTitleCode)TC0000942123 035 $a(PQKBWorkID)10972186 035 $a(PQKB)10037781 035 $a(OCoLC)449958976 035 $a(MiAaPQ)EBC1608397 035 $a(IMF)WPIEE2009167 035 $a(EXLCZ)993170000000055321 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMeasures of Underlying Inflation in Sri Lanka /$fSouvik Gupta, Magnus Saxegaard 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (23 p.) 225 1 $aIMF Working Papers 300 $a"August 2009." 311 $a1-4519-1742-2 327 $aContents; I. Introduction; Figures; 1. Consumer Price Inflation; 2. Capacity Utilization; 3. Inflationary Pressure; II. Background; 4. Reserve Money and Credit; III. Alternative Measures of Core Inflation; A. Exclusion-based Methods; 5. Exclusion Based Measure of Core Inflation; B. Limited Influence Estimators; C. Reweighing the CPI; 6. Trimmed Mean Inflation; 7. Root Mean Squared Errors of Alternative Trimmed Mean Measures; D. Model-based Methods; 8. Persistence Weighted Measure of Core Inflation; IV. Conditions to Evaluate Measures of Core Inflation; 9. Quah-Vahey Measure of Core Inflation 327 $aA. Marques et al. (2004) TestsV. Results; Tables; 1. Evaluation of Measures of Core Inflation; VI. Concluding Remarks; References 330 3 $aDuring the first half of 2008, Sri Lanka witnessed significantly higher inflation than most other emerging Asian countries. Inflation has since declined amid declining world commodity prices and tight monetary policy. Given the sensitivity to global commodity prices, a core inflation measure could be useful for monetary policy. The purpose of this paper is to compare the performance of Sri Lanka's existing official measure of core inflation against alternative measures. Our findings suggest that the existing measure does contain information about the future path of headline information, but may be inadequate as a communication tool for the Central Bank. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/167 606 $aInflation (Finance)$zSri Lanka 606 $aMonetary policy$zSri Lanka 606 $aInflation$2imf 606 $aMacroeconomics$2imf 606 $aEconometric Modeling: General$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aMonetary Policy$2imf 606 $aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)$2imf 606 $aAgriculture: Aggregate Supply and Demand Analysis$2imf 606 $aPrices$2imf 606 $aEnergy: Demand and Supply$2imf 606 $aEconomic growth$2imf 606 $aConsumer price indexes$2imf 606 $aCyclical indicators$2imf 606 $aFood prices$2imf 606 $aFuel prices$2imf 606 $aPrice indexes$2imf 606 $aBusiness cycles$2imf 607 $aSri Lanka$2imf 615 0$aInflation (Finance) 615 0$aMonetary policy 615 7$aInflation 615 7$aMacroeconomics 615 7$aEconometric Modeling: General 615 7$aPrice Level 615 7$aDeflation 615 7$aMonetary Policy 615 7$aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data) 615 7$aAgriculture: Aggregate Supply and Demand Analysis 615 7$aPrices 615 7$aEnergy: Demand and Supply 615 7$aEconomic growth 615 7$aConsumer price indexes 615 7$aCyclical indicators 615 7$aFood prices 615 7$aFuel prices 615 7$aPrice indexes 615 7$aBusiness cycles 700 $aGupta$b Souvik$01485140 701 $aSaxegaard$b Magnus$01485141 712 02$aInternational Monetary Fund.$bAsia and Pacific Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788229703321 996 $aMeasures of Underlying Inflation in Sri Lanka$93704126 997 $aUNINA