Headline, core or even more? The choice of inflation measures is not just a discussion topic for economic policy nerds. A bad index will lead monetary policymakers dangerously astray. Lorenzo Bini Smaghi, who sits on the board of the European Central Bank, said in the Financial Times on Thursday that core measures (which exclude food and energy prices) are inadequate. He is right but does not go far enough.
总体通胀率、核心通胀率，抑或其它指标？通胀指标的选择不仅仅是manbetx20客户端下载 政策狂人们醉心的话题。一个糟糕的指标会把货币政策制定者危险地引入歧途。欧洲央行(ECB)执委会委员洛伦佐•比尼•斯马吉(Lorenzo Bini Smaghi)周四在英国《金融时报》上撰文指出，不包括食品和能源价格在内的核心通胀率还不是理想的指标。他说得没错，但谈的还不够深。
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