LEADER 03075nam 2200601Ia 450 001 9910461976203321 005 20200520144314.0 010 $a1-4755-2354-8 010 $a1-4755-5175-4 035 $a(CKB)2670000000278816 035 $a(EBL)1606985 035 $a(SSID)ssj0000940771 035 $a(PQKBManifestationID)11532941 035 $a(PQKBTitleCode)TC0000940771 035 $a(PQKBWorkID)10956007 035 $a(PQKB)11103457 035 $a(MiAaPQ)EBC1606985 035 $a(Au-PeEL)EBL1606985 035 $a(CaPaEBR)ebr10627037 035 $a(OCoLC)809810518 035 $a(EXLCZ)992670000000278816 100 $a20111102d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInflation responses to commodity price shocks$b[electronic resource] $ehow and why do countries differ? /$fprepared by Gaston Gelos and Yulia Ustyugova 210 $aWashington, DC $cInternational Monetary Fund$d2012 215 $a1 online resource (33 p.) 225 0 $aIMF working paper ;$v12/225 300 $aDescription based upon print version of record. 311 $a1-4755-9308-2 311 $a1-4755-1024-1 320 $aIncludes bibliographical references. 327 $aCover; 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 327 $aVII. ConclusionsReferences; Appendices; I. List of Countries Included; II. Data Sources 330 $aThis paper relates the inflationary impact of commodity price shocks across countries to a broad range of structural characteristics and policy frameworks over the period 2001-2010, using several approaches. The analysis suggests that economies with higher food shares in CPI baskets, fuel intensities, and pre-existing inflation levels were more prone to experience sustained inflationary effects from commodity price shocks. Countries with more independent central banks and higher governance scores seem to have contained the impact of these shocks better. The effect of the presence of inflation 410 0$aIMF Working Papers 606 $aCommodity control 606 $aInflation (Finance) 608 $aElectronic books. 615 0$aCommodity control. 615 0$aInflation (Finance) 700 $aGelos$b Gaston$0943496 701 $aUstyugova$b Yulia$0943497 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910461976203321 996 $aInflation responses to commodity price shocks$92129410 997 $aUNINA