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Record Nr. |
UNINA9910461976203321 |
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Autore |
Gelos Gaston |
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Titolo |
Inflation responses to commodity price shocks [[electronic resource] ] : how and why do countries differ? / / prepared by Gaston Gelos and Yulia Ustyugova |
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Pubbl/distr/stampa |
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Washington, DC, : International Monetary Fund, 2012 |
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ISBN |
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1-4755-2354-8 |
1-4755-5175-4 |
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Descrizione fisica |
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1 online resource (33 p.) |
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Collana |
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IMF working paper ; ; 12/225 |
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Altri autori (Persone) |
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Soggetti |
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Commodity control |
Inflation (Finance) |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover; Contents; I. Introduction and Summary; II. Literature Review; III. Data; Structural characteristics; Monetary and exchange-rate regimes; Possible presence of fiscal dominance; Governance; Business cycle factors; Policy reactions; IV. Does Inflation Revert to Core Inflation or Vice Versa?; V. Phillips-Curve Estimations; Panel estimations; Tables; 1. Phillips Curves-Panel Estimations; VI. The 2008 Commodity-Price Shock; Changes in headline inflation; Changes in core inflation; 2. Change in Headline Inflation around 2008 Shock; 3. Change in Core Inflation around 2008 Shock |
VII. ConclusionsReferences; Appendices; I. List of Countries Included; II. Data Sources |
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Sommario/riassunto |
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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 |
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