金融政策における物価指標の検討 一般物価インフレ予測のためのコア・インフレーション指標の検討金融政策における物価指標の検討 一般物価インフレ予測のためのコア・インフレーション指標の検討 An Inquiry on the Price Index as a Reference of Monetary Policy: An Examination of the Core Inflation Indecators for the General Price Inflation Prediction
It is important to define the notion of price stability as a reference of monetary policy. Especially, core inflation indicators have been examined among economists and policymakers to predict the future inflation. In this research, we construct and examine two
core inflation indicators : the “Edgeworth index” and the “sticky index”. As the results of our analysis, we can say that the “sticky index” is useful to predict the future inflation in the general price index
and that the “Edgeworth index” fails to predict the future inflation.