LEADER 03225nam 2200601Ia 450 001 9910464237803321 005 20170821160701.0 010 $a1-4623-9512-0 010 $a1-4527-1778-8 010 $a9786612843167 010 $a1-4518-7248-8 010 $a1-282-84316-8 035 $a(CKB)3170000000055184 035 $a(EBL)1608142 035 $a(SSID)ssj0000940714 035 $a(PQKBManifestationID)11528525 035 $a(PQKBTitleCode)TC0000940714 035 $a(PQKBWorkID)10956001 035 $a(PQKB)10898361 035 $a(OCoLC)680613543 035 $a(MiAaPQ)EBC1608142 035 $a(EXLCZ)993170000000055184 100 $a20041202d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aWhat should inflation targeting countries do when oil prices rise and drop fast?$b[electronic resource] /$fprepared by Nicoletta Batini and Eugen Tereanu 210 $a[Washington D.C.] $cInternational Monetary Fund$d2009 215 $a1 online resource (34 p.) 225 1 $aIMF working paper ;$vWP/09/101 300 $aDescription based upon print version of record. 311 $a1-4519-1678-7 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; Tables; 1. Oil Price Developments; II. Relevant Literature; III. Methodology, Data and Calibration; IV. Optimal Policy Responses and Optimal Horizons to a 2000s-Type Supply Shock; A. Optimal Policy Responses under a 2000s-Type Oil Shock; 2. Welfare Statistics-Various Oil Regimes; B. Optimal Horizons for a 2000s-Type Oil Shock; 3. Optimal Policy Horizons Under Alternative Oil Regimes; 4. Optimal Policy Horizons Under Alternative Oil Regimes (? = 0.3); V. Optimal Rules Under Imperfect Credibility; 5. Optimal Feedback Horizons Under Alternative Oil Regimes 327 $aVI. Bracing for Future ShocksVII. Concluding Remarks and Policy Implimentations; 6. Optimized Feedback Coefficients Under Three Alternative Future Oil Scenarios; References 330 $aAfter a long period of global price stability, in 2008 inflation increased sharply following unprecedented increases in the price of oil and other commodities, notably food. Although inflation remained lower and growth higher in inflation targeting countries than elsewhere, almost everywhere price stability seemed in jeopardy as consumer prices kept surging and central banks struggled to maintain expectations anchored. The rapid drop in energy and food prices that later accompanied the world slowdown helped avert the worse, but inflation stayed high in many inflation targeting countries. This 410 0$aIMF working paper ;$vWP/09/101. 606 $aPetroleum products$xPrices 606 $aInflation (Finance) 608 $aElectronic books. 615 0$aPetroleum products$xPrices. 615 0$aInflation (Finance) 700 $aBatini$b Nicoletta$0880348 701 $aTereanu$b Eugen$0918645 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464237803321 996 $aWhat should inflation targeting countries do when oil prices rise and drop fast$92060016 997 $aUNINA