Question
Please refer to this article: https://www.ceps.eu/measuring-price-stability-in-covid-times/ The article discusses the use of alternative measures of inflation for macroeconomic policy response to the Covid pandemic in
Please refer to this article:
https://www.ceps.eu/measuring-price-stability-in-covid-times/
The article discusses the use of alternative measures of inflation for macroeconomic policy response to the Covid pandemic in the European Monetary Union (EMU). The article compares three measures of inflation: GDP deflator, the harmonized index of consumer prices (HICP), and the core, which is calculated the same way as HICP, but excludes energy and food items.
According to the article, what are the differences between GDP deflator and HICP?
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
