A working paper published by the Bank of Finland proposes a new method for calculating inflation in China that avoids the short-term volatility that marks current measures.
In Developing an underlying inflation gauge for China, Marlene Amstad, Huan Ye and Guonan Ma say their model “outperforms traditional core inflation measures over a variety of samples”. Many current measures of Chinese inflation, the authors say, “neglect or under-weight” the prices of volatile goods like food and energy, al
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