Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 1451894694
9781451894691
1281331414
9781281331410
1462359094
9781462359097
1452706883
9781452706887
9786613778802
661377880X
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| ISSN: | 2227-8885
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| Notes: | Includes bibliographical references (pages 26-29).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Central banks concerned with inflation performance almost invariably seek to distinguish between a generalized or persistent component of the measured aggregate rate of inflation-driven by demand pressures and expectations-and supply-driven, essentially transitory inflation developments associated with movements in relative prices. The more generalized, persistent element - usually described as "core" or "underlying" inflation - is regarded as a legitimate monetary policy concern, while the influence of specific relative price developments are generally regarded as transient "distortions" that should be largely ignored in forward-looking policy setting, as well as in backward-looking assessment of policy performance.
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| Other form: | Print version: Roger, Scott. Relative prices, inflation and core inflation. [Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept., ©2000
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| Standard no.: | 10.5089/9781451894691.001
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