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:

    “All history and art are against us, but we still expect happiness in love.”
    —Mason Cooley (b. 1927)

    “As I am, so shall I associate, and so shall I act; Caesar’s history will paint out Caesar.”
    —Ralph Waldo Emerson (1803–1882)

    “What we call National-Socialism is the poisonous perversion of ideas which have a long history in German intellectual life.”
    —Thomas Mann (1875–1955)