Inflation responses to commodity price shocks: how and why do countries differ?
Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Gelos, Gaston (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] International Monetary Fund © 2012
Schriftenreihe:IMF working paper WP/12/225
Schlagworte:
Online-Zugang:FAW01
FAW02
FLA01
Beschreibung:Title from PDF title page (IMF Web site, viewed Sept. 12, 2012). - "Western Hemisphere Department.". - "September 2012."
This paper relates the inflationary impact of commodity price shocks across countries to a broad range of structural characteristics and policy frameworks over the period 2001-2010, using several approaches. The analysis suggests that economies with higher food shares in CPI baskets, fuel intensities, and pre-existing inflation levels were more prone to experience sustained inflationary effects from commodity price shocks. Countries with more independent central banks and higher governance scores seem to have contained the impact of these shocks better. The effect of the presence of inflation targeting regimes, however, appears very modest and not evident during the 2008 food price shock. The evidence suggests that trade openness, financial development, dollarization, and labor market flexibility do not significantly influence the way in which domestic inflation responds to international commodity price shocks
Includes bibliographical references
Beschreibung:32 pages
ISBN:1475593082
9781475593082

Es ist kein Print-Exemplar vorhanden.

Fernleihe Bestellen Achtung: Nicht im THWS-Bestand!