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:

    It is my conviction that women are the natural orators of the race.
    Eliza Archard Connor, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 9, by Susan B. Anthony and Ida Husted Harper (1902)

    I saw the Arab map.
    It resembled a mare shuffling on,
    dragging its history like saddlebags,
    nearing its tomb and the pitch of hell.
    Adonis [Ali Ahmed Said] (b. 1930)

    The history of mankind interests us only as it exhibits a steady gain of truth and right, in the incessant conflict which it records between the material and the moral nature.
    Ralph Waldo Emerson (1803–1882)