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:

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

    A poet’s object is not to tell what actually happened but what could or would happen either probably or inevitably.... For this reason poetry is something more scientific and serious than history, because poetry tends to give general truths while history gives particular facts.
    Aristotle (384–323 B.C.)

    America is the only nation in history which miraculously has gone directly from barbarism to degeneration without the usual interval of civilization.
    Georges Clemenceau (1841–1929)