Change theme
Change theme

A Structural VAR Approach to Core Inflation in Canada

Available as: PDF

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.

JEL Code(s): C, C5, C53, E, E3, E31