C5 - Econometric Modeling

• A Structural VAR Approach to Core Inflation in Canada

  Staff Discussion Paper 2008-10 Sylvain Martel

  The author constructs a measure of core inflation using a structural vector autoregression containing oil-price growth, output growth, and inflation. This "macro-founded" measure of inflation forecasts total inflation at least as well as other, atheoretical measures.

  Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Inflation and prices JEL Code(s): C, C5, C53, E, E3, E31