Core Inflation - History

History

The concept of core inflation as aggregate price growth excluding food and energy was introduced in a 1975 paper by Robert J. Gordon. This is the definition of "core inflation" most used for political purposes. Core inflation was also developed and advocated by Otto Eckstein, in (Eckstein 1981).

Read more about this topic:  Core Inflation

Famous quotes containing the word history:

    I assure you that in our next class we will concern ourselves solely with the history of Egypt, and not with the more lurid and non-curricular subject of living mummies.
    Griffin Jay, and Reginald LeBorg. Prof. Norman (Frank Reicher)

    I believe my ardour for invention springs from his loins. I can’t say that the brassiere will ever take as great a place in history as the steamboat, but I did invent it.
    Caresse Crosby (1892–1970)

    There is no example in history of a revolutionary movement involving such gigantic masses being so bloodless.
    Leon Trotsky (1879–1940)