{"id":"https://openalex.org/W6976521","doi":null,"title":"Estimating Core Inflation - The Role of Oil Price Shocks and Imported Inflation","display_name":"Estimating Core Inflation - The Role of Oil Price Shocks and Imported Inflation","publication_year":1997,"publication_date":"1997-08-01","ids":{"openalex":"https://openalex.org/W6976521","mag":"6976521"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:ssb:dispap:200","doi":null,"is_oa":false,"landing_page_url":"https://www.ssb.no/a/publikasjoner/pdf/DP/dp200.pdf","pdf_url":"https://www.ssb.no/a/publikasjoner/pdf/DP/dp200.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10419/192184","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5012670842","display_name":"Hilde Christiane Bj\u00f8rnland","orcid":"https://orcid.org/0000-0002-3126-0193","observed_orcids":["https://orcid.org/0000-0002-3126-0193"]},"institutions":[{"id":"https://openalex.org/I1321605679","display_name":"Statistics Norway","ror":"https://ror.org/02e50va28","country_code":"NO","type":"government","lineage":["https://openalex.org/I1321605679"]}],"countries":["NO"],"is_corresponding":true,"raw_author_name":"Hilde C. Bj\u00f8rnland","raw_affiliation_strings":["Statistics Norway **"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Statistics Norway **","institution_ids":["https://openalex.org/I1321605679"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5012670842"],"corresponding_institution_ids":["https://openalex.org/I1321605679"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":16,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8895999789237976,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8895999789237976,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.10779999941587448,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11898","display_name":"Economics of Agriculture and Food Markets","score":0.0012000000569969416,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/core-inflation","display_name":"core inflation","score":1.0},{"id":"https://openalex.org/keywords/oil-price-shocks","display_name":"oil price shocks","score":0.996999979019165},{"id":"https://openalex.org/keywords/imported-inflation","display_name":"imported inflation","score":0.9980000257492065},{"id":"https://openalex.org/keywords/domestic-inflation","display_name":"domestic inflation","score":0.6570000052452087},{"id":"https://openalex.org/keywords/consumer-price-index","display_name":"consumer price index","score":0.7620000243186951},{"id":"https://openalex.org/keywords/inflation-measurement","display_name":"inflation measurement","score":0.4569999873638153},{"id":"https://openalex.org/keywords/output-growth","display_name":"output growth","score":0.703000009059906},{"id":"https://openalex.org/keywords/norway","display_name":"Norway","score":0.6010000109672546},{"id":"https://openalex.org/keywords/united-kingdom","display_name":"United Kingdom","score":0.9350000023841858},{"id":"https://openalex.org/keywords/oil-producing-countries","display_name":"oil-producing countries","score":0.5440000295639038}],"concepts":[{"id":"https://openalex.org/C2777763362","wikidata":"https://www.wikidata.org/wiki/Q1739354","display_name":"Core inflation","level":4,"score":0.8565608859062195},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8075582981109619},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.7584179639816284},{"id":"https://openalex.org/C2984556133","wikidata":"https://www.wikidata.org/wiki/Q297279","display_name":"Oil price","level":2,"score":0.5691928267478943},{"id":"https://openalex.org/C133029050","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Vector autoregression","level":2,"score":0.5270314812660217},{"id":"https://openalex.org/C154815372","wikidata":"https://www.wikidata.org/wiki/Q1140421","display_name":"Real interest rate","level":3,"score":0.47074469923973083},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.45511630177497864},{"id":"https://openalex.org/C185824701","wikidata":"https://www.wikidata.org/wiki/Q1193759","display_name":"Inflation targeting","level":3,"score":0.4383845925331116},{"id":"https://openalex.org/C185782297","wikidata":"https://www.wikidata.org/wiki/Q2142538","display_name":"Relative price","level":2,"score":0.4374946653842926},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.43349286913871765},{"id":"https://openalex.org/C186311912","wikidata":"https://www.wikidata.org/wiki/Q2038409","display_name":"Indexation","level":3,"score":0.4132442772388458},{"id":"https://openalex.org/C2164484","wikidata":"https://www.wikidata.org/wiki/Q5170150","display_name":"Core (optical fiber)","level":2,"score":0.4110289216041565},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.38552558422088623},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3672015964984894},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.09366962313652039},{"id":"https://openalex.org/C76155785","wikidata":"https://www.wikidata.org/wiki/Q418","display_name":"Telecommunications","level":1,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"pmh:oai:RePEc:ssb:dispap:200","doi":null,"is_oa":false,"landing_page_url":"https://www.ssb.no/a/publikasjoner/pdf/DP/dp200.pdf","pdf_url":"https://www.ssb.no/a/publikasjoner/pdf/DP/dp200.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:econstor.eu:10419/192184","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/192184","pdf_url":"http://hdl.handle.net/10419/192184","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},{"id":"mag:6976521","doi":null,"is_oa":false,"landing_page_url":"https://www.econstor.eu/bitstream/10419/192184/1/dp200.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:ssb.brage.unit.no:11250/180647","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/11250/180647","pdf_url":null,"source":{"id":"https://openalex.org/S7407064446","display_name":"NORA - Norwegian Open Research Archives","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"34 s.","raw_type":"info:eu-repo/semantics/workingPaper"}],"best_oa_location":{"id":"pmh:oai:econstor.eu:10419/192184","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/192184","pdf_url":"http://hdl.handle.net/10419/192184","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},"sustainable_development_goals":[{"score":0.48510000109672546,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"sustainable_development_goals_aurora":[{"score":0.5600000023841858,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320323299","display_name":"Norges Forskningsr\u00e5d","ror":"https://ror.org/00epmv149"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W6976521.pdf","grobid_xml":"https://content.openalex.org/works/W6976521.grobid-xml"},"referenced_works_count":82,"referenced_works":["https://openalex.org/W3396825","https://openalex.org/W21632075","https://openalex.org/W24610005","https://openalex.org/W26598243","https://openalex.org/W29644710","https://openalex.org/W35536180","https://openalex.org/W38317533","https://openalex.org/W46177233","https://openalex.org/W52922833","https://openalex.org/W77024397","https://openalex.org/W129537465","https://openalex.org/W183583992","https://openalex.org/W591955333","https://openalex.org/W1484159650","https://openalex.org/W1484196210","https://openalex.org/W1494083124","https://openalex.org/W1495273842","https://openalex.org/W1501089513","https://openalex.org/W1505767009","https://openalex.org/W1507868074","https://openalex.org/W1510388776","https://openalex.org/W1512394383","https://openalex.org/W1514978862","https://openalex.org/W1516039711","https://openalex.org/W1521442811","https://openalex.org/W1529642041","https://openalex.org/W1529644153","https://openalex.org/W1535548140","https://openalex.org/W1543207064","https://openalex.org/W1543371805","https://openalex.org/W1545003986","https://openalex.org/W1562573347","https://openalex.org/W1562800777","https://openalex.org/W1569527148","https://openalex.org/W1585783515","https://openalex.org/W1586059735","https://openalex.org/W1592528692","https://openalex.org/W1594902453","https://openalex.org/W1597310015","https://openalex.org/W1600557572","https://openalex.org/W1605344153","https://openalex.org/W1606213284","https://openalex.org/W1947503052","https://openalex.org/W2011608910","https://openalex.org/W2014970417","https://openalex.org/W2041576384","https://openalex.org/W2049287603","https://openalex.org/W2066341768","https://openalex.org/W2069273213","https://openalex.org/W2074158860","https://openalex.org/W2079202026","https://openalex.org/W2082946972","https://openalex.org/W2087549671","https://openalex.org/W2103027811","https://openalex.org/W2146207816","https://openalex.org/W2152758402","https://openalex.org/W2159254294","https://openalex.org/W2206428977","https://openalex.org/W2206546512","https://openalex.org/W2218804219","https://openalex.org/W2225953491","https://openalex.org/W2231929214","https://openalex.org/W2241015219","https://openalex.org/W2253285331","https://openalex.org/W2262090582","https://openalex.org/W2403390310","https://openalex.org/W2412142299","https://openalex.org/W2414694069","https://openalex.org/W3121239819","https://openalex.org/W3121605675","https://openalex.org/W3122982261","https://openalex.org/W3123093693","https://openalex.org/W3123509663","https://openalex.org/W3123793406","https://openalex.org/W3123842734","https://openalex.org/W3124085865","https://openalex.org/W3124603184","https://openalex.org/W3124684786","https://openalex.org/W3124875576","https://openalex.org/W3125033088","https://openalex.org/W3125712117","https://openalex.org/W3141608625"],"related_works":["https://openalex.org/W2056393506","https://openalex.org/W1553945469","https://openalex.org/W1567878493","https://openalex.org/W1983898778","https://openalex.org/W2159254294","https://openalex.org/W1842884703","https://openalex.org/W109642600","https://openalex.org/W1594840597","https://openalex.org/W2250020614","https://openalex.org/W2389892242"],"abstract_inverted_index":{"This":[0],"paper":[1],"calculates":[2],"core":[3,86,102],"inflation,":[4,78,121],"by":[5],"imposing":[6],"long":[7,37],"run":[8,38],"restrictions":[9],"on":[10,40,45],"a":[11,89],"structural":[12],"vector\\nautoregression":[13],"(VAR)":[14],"model":[15,72],"containing":[16],"the":[17,46,53,63],"growth":[18],"rate":[19],"of":[20,48,92,107],"output,":[21],"inflation":[22,33,51,87,103,122],"and":[23,50,62,76],"oil":[24,54,67,109,126],"prices.":[25],"Core\\ninflation":[26],"is":[27,79,88],"identified":[28],"as":[29],"that":[30,34],"component":[31],"in":[32,104],"has":[35],"no":[36],"effect":[39],"output.":[41],"No\\nrestrictions":[42],"are":[43,112],"placed":[44],"response":[47],"output":[49],"to":[52,60],"price":[55,110,127],"shocks.":[56],"The":[57],"analysis":[58],"is\\napplied":[59],"Norway":[61],"United":[64],"Kingdom,":[65],"both":[66],"producing":[68],"OECD":[69],"countries.":[70],"A":[71],"that\\ndistinguishes":[73],"between":[74],"domestic":[75],"imported":[77,129],"also":[80],"specified":[81],"for":[82,117],"Norway.":[83],"In":[84],"both\\ncountries,":[85],"prime":[90],"mover":[91],"CPI":[93,97],"(RPI)":[94,98],"inflation.":[95],"However,":[96],"inflation\\novervalues":[99],"or":[100],"undervalues":[101],"many":[105],"periods,":[106],"which":[108],"shocks":[111],"important\\nsources":[113],"behind":[114],"this":[115],"deviation":[116],"prolonged":[118],"periods\\nKeywords:":[119],"Core":[120],"target,":[123],"long-run":[124],"neutrality,":[125],"shocks,":[128],"inflation,\\nstructural":[130],"VAR.":[131]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2016,"cited_by_count":1}],"updated_date":"2026-09-29T14:09:16.559479","created_date":"2016-06-24T00:00:00"}