Technical Note: Does Core Inflation Help Forecast Total Inflation? Evidence from Colombia

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John Thornton;
  • Journal: Cuadernos de Economía,volume 35,issue 106,pages407-413
  • Subject: Core inflation, forecasting inflation, cointegration, granger causality
    • jel: jel:C4 | jel:E5
    arxiv: General Relativity and Quantum Cosmology | Astrophysics::Cosmology and Extragalactic Astrophysics

In Colombia core and total inflation are both (1) series, and core inflation is cointegrated with total inflation. Granger causality tests using error correction methodology indicate that divergence of total inflation from core inflation is quickly revers
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