Estimate of Chinese Core Inflation Rate--The Application of Space State Model Based on Time--Varying Parameter

DOI

10.2991/sschd-16.2016.146How to use a DOI?

Keywords

core inflation rate kalman filtering output gap positive analysis

Abstract

The paper based on the theory of new Keynesian and phillips curve, that is regarding the anticipated inflation in the additional and anticipated phillips curve equation as the core inflation. To formulate variable parameters model through space state model, to estimate the core inflation rate from January 1996 to December 2015 in China by kalman filtering and to test the estimated results. The results show that the estimated volatility is smaller and having more strong theoretical foundation and meet the realistic condition in our country's economic transition period and has guiding significance for policy making.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jiang-Long Shao
PY  - 2015/12
DA  - 2015/12
TI  - Estimate of Chinese Core Inflation Rate--The Application of Space State Model Based on Time--Varying Parameter
BT  - Proceedings of the 2nd Annual International Conference on Social Science and Contemporary Humanity Development
PB  - Atlantis Press
SP  - 761
EP  - 767
SN  - 2352-5398
UR  - https://doi.org/10.2991/sschd-16.2016.146
DO  - 10.2991/sschd-16.2016.146
ID  - Shao2015/12
ER  -