LEADER 03033nam 2200589Ia 450 001 9910464232703321 005 20170821160730.0 010 $a1-4623-8100-6 010 $a1-4527-4906-X 010 $a9786612842634 010 $a1-282-84263-3 010 $a1-4518-7189-9 035 $a(CKB)3170000000055212 035 $a(EBL)1608202 035 $a(SSID)ssj0000940089 035 $a(PQKBManifestationID)11493984 035 $a(PQKBTitleCode)TC0000940089 035 $a(PQKBWorkID)10946633 035 $a(PQKB)10493165 035 $a(OCoLC)469135225 035 $a(MiAaPQ)EBC1608202 035 $a(EXLCZ)993170000000055212 100 $a20041202d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCommodity price volatility, cyclical fluctuations, and convergence$b[electronic resource] $ewhat is ahead for inflation in emerging Europe? /$fprepared by Edda Zoli 210 $a[Washington D.C.] $cInternational Monetary Fund$d2009 215 $a1 online resource (21 p.) 225 1 $aIMF working paper ;$vWP/09/41 300 $aDescription based upon print version of record. 311 $a1-4519-1624-8 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; Figures; 1. Headline Inflation; II. VAR analysis; 2. Variance Decomposition of Headline Inflation; Tables; 1: Response of Domestic Energy Inflation to International Oil Price Inflation Shocks; 2. Response of Domestic Food Inflation to International Food Price Inflation Shocks; III. Panel Estimation; 3. Response of Core Inflation to Shocks to Domestic Food and Energy Price Inflation; 4. Panel Regression Results; IV. Conclusion: What is Ahead for Inflation in Emerging Europe?; Appendixes; 1. Variable Definition and Data Sources; 2. Other Panel Results; References 330 $aThis paper assesses the role of international commodity prices, cyclical fluctuations, and convergence in driving inflation in 18 European emerging economies. Country specific VARs and panel estimates indicate that international commodity price shocks have a significant impact on domestic inflation, but the inflation response is asymmetric for positive and negative shocks. Cyclical fluctuations explain a relative small share of inflation variability, and the inflation response is asymmetric during upturns and downturns. Price convergence is estimated to add nearly 3 percentage points to headli 410 0$aIMF working paper ;$vWP/09/41. 606 $aPrimary commodities$xPrices$zEurope 606 $aInflation (Finance)$zEurope 608 $aElectronic books. 615 0$aPrimary commodities$xPrices 615 0$aInflation (Finance) 676 $a338.278 700 $aZoli$b Edda$0894999 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464232703321 996 $aCommodity price volatility, cyclical fluctuations, and convergence$91999694 997 $aUNINA