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  1. What core inflation indicators measure?
    evidence from the European Union countries
    Published: 2018
    Publisher:  Economic Research Department, Warsaw

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1345 (294)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: NBP working paper ; no. 294
    Subjects: Inflation; Kerninflation; Verbraucherpreisindex; Messung; EU-Staaten
    Scope: 51 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe

  2. Oil price pass-through into core inflation
    Published: [2017]
    Publisher:  Banca d'Italia, [Rom]

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Questioni di economia e finanza / Banca d'Italia ; number 405 (November 2017)
    Subjects: Ölpreis; Verbraucherpreisindex; Kerninflation; USA; EU-Staaten
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  3. Weakness in Italy's core inflation and the Phillips curve
    the role of labour and financial indicators
    Published: [2018]
    Publisher:  Banca d'Italia, [Rom]

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Questioni di economia e finanza / Banca d'Italia ; number 466 (October 2018)
    Subjects: Kerninflation; Phillips-Kurve; Arbeitsmarkt; Finanzmarkt; Italien
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  4. What is the globalisation of inflation?
    Published: 2017
    Publisher:  ZBW, [Kiel

    This paper studies the globalisation of CPI inflation by analysing core, energy and food components, testing for structural breaks in the relationships between domestic inflation and a corresponding country-specific foreign inflation series at the... more

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    DSM
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    This paper studies the globalisation of CPI inflation by analysing core, energy and food components, testing for structural breaks in the relationships between domestic inflation and a corresponding country-specific foreign inflation series at the monthly frequency for OECD countries.The iterative methodology employed separates coefficient and variance breaks, while also taking account of outliers. We find that the overall pattern of globalisation in aggregate inflation is largely driven by convergence of the mean levels of the core component from the early 1990s,compatible with the introduction of inflation targeting in many countries of our sample.There is less evidence of increased synchronisation of short run movements in core than aggregate inflation, but an increased role for short run foreign energy inflation often contributes to the globalisation effect.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/171324
    Subjects: Inflation; Kerninflation; Globalisierung; Strukturbruch; Zeitreihenanalyse; OECD-Staaten
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  5. The nonpuzzling behavior of median inflation
    Published: [2019]
    Publisher:  Banco Central de Chile, Santiago, Chile

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 628
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    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
    Series: Documentos de trabajo / Banco Central de Chile ; no 843 (octubre 2019)
    Subjects: Inflationstheorie; Kerninflation; Phillips-Kurve; USA
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  6. Inflation dynamics
    dead, dormant, or determined abroad?
    Published: November 2019
    Publisher:  National Bureau of Economic Research, Cambridge, MA

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1 (26496)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working paper series / National Bureau of Economic Research ; 26496
    Subjects: Inflation; Globalisierung; Phillips-Kurve; Verbraucherpreisindex; Lohn; Kerninflation; Welt; 1990-2017
    Scope: 60 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe

  7. An alternative measure of core inflation
    Published: Dec. 2005
    Publisher:  Danmarks Nationalbank, Copenhagen

    We combine the ideas of the trimmed mean and the Edgeworth index to construct an alternative measure of core inflation named "Trim of Most Volatile Components (TMVC)". At each point of time this measure trims away the components of the price index,... more

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    W 1455 (33)
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    We combine the ideas of the trimmed mean and the Edgeworth index to construct an alternative measure of core inflation named "Trim of Most Volatile Components (TMVC)". At each point of time this measure trims away the components of the price index, which have been most volatile in the past. TMVC tracks trend inflation better than other core inflation measures in the euro zone, but in the US the evidence is weaker. -- Core inflation ; trimmedmean ; Edgeworth index ; TMVC

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/82321
    Series: Danmarks Nationalbank working papers ; 33
    Subjects: Inflationsrate; Kerninflation; Indexberechnung
    Scope: Online-Ressource, 24 p., text, ill
  8. Weighted median inflation around the world
    a measure of core inflation
    Published: 20 March 2023
    Publisher:  Centre for Economic Policy Research, London

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    Verlag (lizenzpflichtig)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18011
    Subjects: Inflation; Inflationsrate; Messung; Methodologie; Kerninflation; Verbraucherpreisindex; core inflation; median inflation; Phillips curve
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  9. Weighted Median Inflation Around the World
    A Measure of Core Inflation
    Published: March 2023
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass level... more

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    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
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    Universitätsbibliothek Freiburg
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass level disaggregation of the CPI over 1990-2021, and compares the properties of this measure to those of standard core. For quarterly data, we find that the weighted median is less volatile than standard core, more closely related to economic slack, and more closely related to headline inflation over the next year. The weighted median also has a drawback: in most countries, it has a lower average level than headline inflation. We therefore also consider a measure of core inflation that eliminates this bias, which is based on the percentile of sectoral inflation rates that matches the sample average of headline CPI inflation

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NBER working paper series ; no. w31032
    Subjects: Inflation; Inflationsrate; Messung; Methodologie; Kerninflation; Verbraucherpreisindex; Index Numbers and Aggregation; Price Level; Inflation; Deflation; Monetary Policy
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers

  10. European business cycle indicators
    1st quarter (2023)
    Published: 2023
    Publisher:  Publications Office of the European Union, Luxembourg

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    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 424
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    Source: Union catalogues
    Language: English
    Media type: Article (journal)
    Format: Online
    ISBN: 9789276616788
    Other identifier:
    Parent title: European business cycle indicators - Show all bands
    Series: Array ; 063 (April 2023)
    Subjects: Konjunktur; Frühindikator; Kerninflation; Preismanagement; EU-Staaten; Eurozone
    Scope: 1 Online-Ressource (circa 30 Seiten)
  11. What measure of inflation should a developing country central bank target?
    Published: 2015
    Publisher:  IMF, Washington, DC

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513572574
    Other identifier:
    Series: IMF working paper ; 15/205
    Subjects: Zentralbank; Inflationssteuerung; Kerninflation; Geldpolitik; Wohlfahrtsanalyse; Verbraucherpreisindex; Entwicklungsländer
    Scope: Online-Ressource (37 S.), graph. Darst.
  12. What is keeping U.S. core inflation low
    insights from a bottom-up approach
    Published: July 2016
    Publisher:  International Monetary Fund, [Washington, D.C.]

    Over the past two decades, U.S. core PCE goods and services inflation have evolved differently. Against the backdrop of global concerns of low inflation, we use this trend as motivation to develop a bottom-up model of U.S. inflation. We find that... more

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    Over the past two decades, U.S. core PCE goods and services inflation have evolved differently. Against the backdrop of global concerns of low inflation, we use this trend as motivation to develop a bottom-up model of U.S. inflation. We find that domestic forces play a larger role relative to foreign factors in influencing core services inflation, while foreign factors predominantly drive core goods price changes. When comparing forecasting performance, we find that both the aggregate Phillips curve and the bottom up approach give low root mean square errors. The latter, however, is more informative in tracing the effects of shocks and understanding the exact channels through which they affect aggregate inflation. Using scenario analysis-and given a relatively low sensitivity of core inflation to changes in slack, both at the aggregate Phillips curve and sub-components levels-we find that global pressures will likely keep core PCE inflation below 2 percent for the foreseeable future unless the dollar starts to depreciate markedly and the unemployment rate goes well below the natural rate. These results support the accommodative stance of monetary policy pursued thus far and, going forward, underscore the need for proceeding cautiously and very gradually in raising the federal funds rate

     

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781498347297
    Other identifier:
    Series: IMF working paper ; WP/16, 124
    Subjects: Inflationserwartung; Kerninflation; Phillips-Kurve; USA
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  13. Evolución de la persistencia inflacionaria en Chile
    Published: 2008
    Publisher:  Banco Central de Chile, [Santiago de Chile]

    Ibero-Amerikanisches Institut Preußischer Kulturbesitz, Bibliothek
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    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
    Series: Documentos de trabajo / Banco Central de Chile ; 505
    Subjects: Inflation; Kerninflation; Chile
    Scope: Online-Ressource (20 S.)
    Notes:

    Zsfassung in engl. Sprache

  14. Medidas alternativas de inflación subyacente para Chile
    Published: 2008
    Publisher:  Banco Central de Chile, [Santiago de Chile]

    Ibero-Amerikanisches Institut Preußischer Kulturbesitz, Bibliothek
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    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
    Series: Documentos de trabajo / Banco Central de Chile ; 471
    Subjects: Inflationssteuerung; Kerninflation; Verbraucherpreisindex; Chile
    Scope: Online-Ressource (31 S.), graph. Darst.
    Notes:

    Zsfassung in engl. Sprache

  15. Are weekly inflation forecasts informative?
    Published: 2008

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Print
    Series: Swiss National Bank working papers ; 2008,5
    Subjects: Inflation; Prognose; Kerninflation; Informationswert; Schweiz
    Scope: 37 S., graph. Darst.
  16. Core measures of inflation as predictors of total inflation
    Published: 2008

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 80 (08.9)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working papers / Research Department, Federal Reserve Bank of Philadelphia ; 08,9
    Subjects: Kerninflation; Inflation; Messung; Verbraucherpreisindex; Indexberechnung; Prognoseverfahren; Theorie; USA
    Scope: 38 S., graph. Darst.
  17. Are weekly inflation forecasts informative?
    Published: 2008

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    1 B 118036
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1558 (2008.5)
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Print
    Series: Swiss National Bank working papers ; 2008,5
    Subjects: Inflation; Prognose; Kerninflation; Informationswert; Schweiz
    Scope: 37 S., graph. Darst.
  18. Explaining the rent-OER inflation divergence, 1999 - 2006
    Published: 2007

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 44 (410)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: BLS working paper ; 410
    Subjects: Verbraucherpreisindex; Miete; Wohnkosten; Kerninflation; Indexberechnung; USA
    Scope: Online-Ressource, (29 S.), graph. Darst.
  19. Monetary policy and commodity price shocks
    Published: 2008
    Publisher:  Hans-Böckler-Stiftung, Düsseldorf

    Die Autoren analysieren wie sich unterschiedliche Inflationsziele und Reallohnrigiditäten auf die Transmission von Rohstoffpreisschocks auswirken. Es zeigt sich, dass eine geldpolitische Strategie mit einem Kerninflationsziel einer Strategie, die das... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 488 (2008,16)
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    Die Autoren analysieren wie sich unterschiedliche Inflationsziele und Reallohnrigiditäten auf die Transmission von Rohstoffpreisschocks auswirken. Es zeigt sich, dass eine geldpolitische Strategie mit einem Kerninflationsziel einer Strategie, die das Inflationsziel an der Gesamtinflationsrate festmacht, überlegen ist. Ein Inflationsprognose-Ziel ist eine gute Alternative zum Kerninflations-Ziel in der Praxis. Simulationen veranschaulichen diese Ergebnisse. Die Existenz von Reallohnrigiditätenändert diese Schlussfolgerungen nicht. Reallohnrigiditäten implizieren allerdings Zweitrundeneffekte, so dass die geldpolitische Reaktion, der Höhepunkt der Inflation und der Produktionsrückgang stärker ausfallen. Obwohl viele Annahmen des Models, wie beispielsweise vollständige Information, in der Realität nicht gegeben sind, lassen sich Lehren für die Geldpolitik ableiten. Im Falle eines Rohstoffpreisschocks können Zentralbanken die Volatilität von Inflation und Produktion dadurch verringern, dass sie ihr Inflationsziel an einer Kerninflationsrate und nicht an der Gesamtinflationsrate ausrichten. Eine Kommunikationsstrategie, die die zugrunde liegende Inflation bzw. die Kerninflation in den Vordergrund stellt, könnte zur Verankerung der Inflationserwartungen beitragen. This paper analyses the effects of commodity price shocks in a new Keynesian model. The focus is on the central bank's choice of inflation target and the degree of real wage rigidity. It turns out that using core inflation rather than headline inflation is the superior strategy. Targeting expected headline inflation, as practiced by most central banks, is a viable practical alternative to the core inflation target. Simulations illustrate these points. The introduction of real wage rigidity into the model does not change these conclusions. Real wage rigidity does, however, imply second-round effects, making the monetary policy response, the inflation peak and the output drop more pronounced. Although in practice many of the assumptions of the model, such as full information, do not hold, lessons can be drawn for monetary policy. In case of a commodity supply shock, central banks would do well to focus on some measure of core inflation rather than headline inflation so as to reduce the volatility of both inflation and output. A communication strategy that places greater emphasis on underlying and expected inflation could serve to anchor inflation expectations.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/105910
    Series: Working paper / IMK, Institut für Makroökonomie ; 2008,16
    Subjects: Inflationssteuerung; Rohstoffpreis; Schock; Lohnrigidität; Reallohn; Kerninflation; Neoklassische Synthese; EU-Staaten
    Scope: Online-Ressource (13 S.), graph. Darst.
    Notes:

    Zsfassung in dt. Sprache

  20. Estimating output gap, core inflation, and the NAIRU for Peru
    Published: 2009
    Publisher:  Banco Central de Reserva del Perú, [Lima]

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Serie de documentos de trabajo / Banco Central de Reserva del Perú ; 2009,011
    Subjects: Bruttoinlandsprodukt; Investition; Kerninflation; Natürliche Arbeitslosenquote; Peru
    Scope: Online-Ressource (20 S.), graph. Darst.
  21. Medidas alternativas de inflación subyacente para Chile

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1195 (471)
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    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Print
    Series: Documentos de trabajo / Banco Central de Chile ; 471
    Subjects: Inflationssteuerung; Kerninflation; Verbraucherpreisindex; Chile
    Scope: 26 S., graph. Darst.
    Notes:

    Zsfassung in engl. Sprache

    Parallel als Online-Ausg. erschienen

  22. Design and evaluation of core inflation measures for Turkey
    Published: 2009

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Research and Monetary Policy Department ; 09/03
    Subjects: Inflation; Kerninflation; Türkei
    Scope: Online-Ressource (43 S.), graph. Darst.
  23. New core inflation measures: their usage in forecasts and analysis
    Published: 2009
    Publisher:  Banka e Shqipe͏̈rise͏̈, Tirane͏̈

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1770 (2008.1)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    ISBN: 9789995642006
    Series: Working paper / Bank of Albania ; 2008,1
    Subjects: Inflation; Kerninflation; Messung; Prognoseverfahren; Albanien
    Scope: 26 S., graph. Darst.
    Notes:

    Parallel als Online-Ausg. erschienen

  24. A critical assessment of existing estimates of core inflation
    Published: 2009
    Publisher:  Central Bank and Financial Services Authority of Ireland, Dublin

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Research technical paper / Central Bank and Financial Services Authority of Ireland ; 7/RT/09
    Subjects: Kerninflation; Schätzung; Prognose; Geldpolitik; USA
    Scope: Online-Ressource (PDF-Datei: 32 S., 192,11 KB), graph. Darst.
  25. Measures of underlying inflation in Sri Lanka
    Published: 2009
    Publisher:  Internat. Monetary Fund, Washington, DC

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 128 (09.167)
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    ifo Institut für Wirtschaftsforschung an der Universität München, Bibliothek
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: IMF working paper ; 09/167
    Subjects: Kerninflation; Messung; Singapur
    Scope: 21 S., graph. Darst.
    Notes:

    Literaturverz. S. 20 - 21