TY - BOOK ID - 11263806 TI - Measures of underlying inflation in Sri Lanka AU - Gupta, Souvik. AU - Saxegaard, Magnus. AU - International Monetary Fund. PY - 2009 SN - 1451917422 1462337600 145187314X 128284380X 9786612843808 1452729883 PB - [Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept., DB - UniCat KW - Finance KW - Business & Economics KW - Money KW - Inflation (Finance) KW - Monetary policy KW - Monetary management KW - Economic policy KW - Currency boards KW - Money supply KW - Natural rate of unemployment KW - Inflation KW - Macroeconomics KW - Econometric Modeling: General KW - Price Level KW - Deflation KW - Monetary Policy KW - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) KW - Agriculture: Aggregate Supply and Demand Analysis KW - Prices KW - Energy: Demand and Supply KW - Economic growth KW - Consumer price indexes KW - Cyclical indicators KW - Food prices KW - Fuel prices KW - Price indexes KW - Business cycles KW - Sri Lanka UR - https://www.unicat.be/uniCat?func=search&query=sysid:11263806 AB - During the first half of 2008, Sri Lanka witnessed significantly higher inflation than most other emerging Asian countries. Inflation has since declined amid declining world commodity prices and tight monetary policy. Given the sensitivity to global commodity prices, a core inflation measure could be useful for monetary policy. The purpose of this paper is to compare the performance of Sri Lanka's existing official measure of core inflation against alternative measures. Our findings suggest that the existing measure does contain information about the future path of headline information, but may be inadequate as a communication tool for the Central Bank. ER -