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:

    “America is, therefore the land of the future, where, in the ages that lie before us, the burden of the World’s history shall reveal itself. It is a land of desire for all those who are weary of the historical lumber-room of Old Europe.”
    —Georg Wilhelm Friedrich Hegel (1770–1831)

    “The history of medicine is the history of the unusual.”
    —Robert M. Fresco, and Jack Arnold. Prof. Gerald Deemer (Leo G. Carroll)

    “I believe that history might be, and ought to be, taught in a new fashion so as to make the meaning of it as a process of evolution intelligible to the young.”
    —Thomas Henry Huxley (1825–95)