01678cas a2200241 a 4500 AALejournalIMF001104 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842036 1018-5941 BD-DhAAL BD-DhAAL Bjornland, Hilde. Identifying Domestic and Imported Core Inflation / Hilde Bjornland. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper estimates core inflation in Norway, identified as that component of inflation that has no long-run effect on GDP. The model distinguishes explicitly between domestic and imported core inflation. The results show that (domestic) core inflation is the main component of CPI inflation. CPI inflation, however, misrepresents core inflation in some periods. The differences are well explained by the other shocks identified in the model, in particular the oil price shocks of the 1970s when Norway imported inflation, and the negative noncore (supply) shocks of the late 1980s, which pushed inflation up temporarily relative to core inflation. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/004 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/004/001.2000.issue-004-en.xml IMF e-Library