1. The challenge of measuring inflation...when business is not as usual
- Author:
- Cecilia Frale and Jørgen Mortensen
- Publication Date:
- 10-2008
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies
- Abstract:
- The recent surge in commodity prices and the European Central Bank's decision in June to raise interest rates to combat inflation have ignited a debate about the appropriateness of raising interest rates during a phase of weakening activity. In addition, it is relevant to examine the approaches to measuring the rate of inflation, to consider the advantages and drawbacks of these methods, and finally to throw new light on the possible influence of monetary policy on the fundamental trends in prices.
- Topic:
- Economics and Foreign Exchange
- Political Geography:
- United States and Europe