Inflationsbegriff und Inflationsmessung: Abgrenzungen, Konzepte und Anwendungsprobleme

Our paper addresses the economic concept of inflation, and how to measure inflation properly in practise. First of all we present and discuss comprehensively various definitions of inflation proposed and used in the literature. What follows, is a detailed investigation of empirical proxies or indice...

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Bibliographic Details
Published in:Jahrbuch für Wirtschaftswissenschaften / Review of Economics 2007-12, Vol.58 (3), p.203-226
Main Authors: Gischer, Horst, Weiß, Mirko
Format: Article
Language:eng ; ger
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Summary:Our paper addresses the economic concept of inflation, and how to measure inflation properly in practise. First of all we present and discuss comprehensively various definitions of inflation proposed and used in the literature. What follows, is a detailed investigation of empirical proxies or indices to cover inflation quantitatively. We focus on the Consumer Price Index (CPI) in general and for Germany in particular, the Harmonized Consumer Price Index (HCPI), the Core Inflation and the GDP-Deflator. The paper concludes with an analysis of the method of measuring inflation applied within the scope of the ECB Governing Council's monetary strategy.
ISSN:0948-5139
2366-035X
DOI:10.1515/roe-2007-0301