Inflation responses to commodity price shocks: how and why do countries differ?
Gespeichert in:
1. Verfasser: | |
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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 |
Internformat
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100 | 1 | |a Gelos, Gaston |e Verfasser |0 (DE-588)123415381 |4 aut | |
245 | 1 | 0 | |a Inflation responses to commodity price shocks |b how and why do countries differ? |c prepared by Gaston Gelos, Yulia Ustyugova |
264 | 1 | |a [Washington, D.C.] |b International Monetary Fund |c © 2012 | |
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490 | 0 | |a IMF working paper |v WP/12/225 | |
500 | |a Title from PDF title page (IMF Web site, viewed Sept. 12, 2012). - "Western Hemisphere Department.". - "September 2012." | ||
500 | |a 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 | ||
500 | |a Includes bibliographical references | ||
650 | 7 | |a Inflation (Finance) / Econometric models |2 fast | |
650 | 7 | |a Prices / Econometric models |2 fast | |
650 | 7 | |a BUSINESS & ECONOMICS / Finance |2 bisacsh | |
650 | 4 | |a Wirtschaft | |
650 | 4 | |a Ökonometrisches Modell | |
650 | 4 | |a Inflation (Finance) |x Econometric models | |
650 | 4 | |a Prices |x Econometric models | |
700 | 1 | |a Ustyugova, Yulia |e Sonstige |0 (DE-588)1150540621 |4 oth | |
710 | 2 | |a International Monetary FundXXbWestern Hemisphere Department |e Sonstige |4 oth | |
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Datensatz im Suchindex
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any_adam_object | |
author | Gelos, Gaston |
author_GND | (DE-588)123415381 (DE-588)1150540621 |
author_facet | Gelos, Gaston |
author_role | aut |
author_sort | Gelos, Gaston |
author_variant | g g gg |
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bvnumber | BV043786796 |
collection | ZDB-4-EBA |
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dewey-full | 332.41 332.152 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 332 - Financial economics |
dewey-raw | 332.41 332.152 |
dewey-search | 332.41 332.152 |
dewey-sort | 3332.41 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
format | Electronic eBook |
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id | DE-604.BV043786796 |
illustrated | Not Illustrated |
indexdate | 2024-07-10T07:35:07Z |
institution | BVB |
isbn | 1475593082 9781475593082 |
language | English |
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physical | 32 pages |
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publishDate | 2012 |
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series2 | IMF working paper |
spelling | Gelos, Gaston Verfasser (DE-588)123415381 aut Inflation responses to commodity price shocks how and why do countries differ? prepared by Gaston Gelos, Yulia Ustyugova [Washington, D.C.] International Monetary Fund © 2012 32 pages txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/225 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 Inflation (Finance) / Econometric models fast Prices / Econometric models fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Ökonometrisches Modell Inflation (Finance) Econometric models Prices Econometric models Ustyugova, Yulia Sonstige (DE-588)1150540621 oth International Monetary FundXXbWestern Hemisphere Department Sonstige oth |
spellingShingle | Gelos, Gaston Inflation responses to commodity price shocks how and why do countries differ? Inflation (Finance) / Econometric models fast Prices / Econometric models fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Ökonometrisches Modell Inflation (Finance) Econometric models Prices Econometric models |
title | Inflation responses to commodity price shocks how and why do countries differ? |
title_auth | Inflation responses to commodity price shocks how and why do countries differ? |
title_exact_search | Inflation responses to commodity price shocks how and why do countries differ? |
title_full | Inflation responses to commodity price shocks how and why do countries differ? prepared by Gaston Gelos, Yulia Ustyugova |
title_fullStr | Inflation responses to commodity price shocks how and why do countries differ? prepared by Gaston Gelos, Yulia Ustyugova |
title_full_unstemmed | Inflation responses to commodity price shocks how and why do countries differ? prepared by Gaston Gelos, Yulia Ustyugova |
title_short | Inflation responses to commodity price shocks |
title_sort | inflation responses to commodity price shocks how and why do countries differ |
title_sub | how and why do countries differ? |
topic | Inflation (Finance) / Econometric models fast Prices / Econometric models fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Ökonometrisches Modell Inflation (Finance) Econometric models Prices Econometric models |
topic_facet | Inflation (Finance) / Econometric models Prices / Econometric models BUSINESS & ECONOMICS / Finance Wirtschaft Ökonometrisches Modell Inflation (Finance) Econometric models Prices Econometric models |
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