Global food prices and domestic inflation : some cross-country evidence /

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Bibliographic Details
Imprint:[Washington, D.C.] : International Monetary Fund, Research Department, 2015.
Description:1 online resource (34 pages)
Language:English
Series:IMF working paper, 1018-5941 ; WP/15/133
IMF working paper ; WP/15/133.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12504508
Hidden Bibliographic Details
Other authors / contributors:Furceri, Davide, author.
International Monetary Fund. Research Department.
ISBN:9781513586069
1513586068
1513542974
9781513542973
1513553569
9781513553566
9781513542973
1513501062
9781513501062
Notes:"June 2015."
Summary:"This paper provides a broad brush look at the impact of fluctuations in global food prices on domestic inflation in a large group of countries. For advanced economies, they find that these fluctuations have played a significant role over the period from 1960 to the present, but the impact has declined over time and become less persistent. The authors also find that the more recent global food price shocks occurred in the 2000s had a much bigger impact on emerging than on advanced economies. This larger impact could reflect the larger share of food in the consumption baskets in emerging economies on average than in advanced economies, and less anchored inflation expectations in emerging economies than in advanced economies."--Abstract.
Other form:Print Version: 9781513542973
Standard no.:10.5089/9781513542973.001