What should inflation targeting countries do when oil prices rise and drop fast? [[electronic resource] /] / prepared by Nicoletta Batini and Eugen Tereanu

• Autore: Batini Nicoletta
• Pubblicazione: [Washington D.C.], : International Monetary Fund, 2009
• Descrizione fisica: 1 online resource (34 p.)
• Soggetto topico: Petroleum products - Prices; Inflation (Finance)
• Soggetto genere / forma: Electronic books.
• Altri autori: TereanuEugen
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Contents; 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 (α = 0.3); V. Optimal Rules Under Imperfect Credibility; 5. Optimal Feedback Horizons Under Alternative Oil Regimes ; VI. Bracing for Future ShocksVII. Concluding Remarks and Policy Implimentations; 6. Optimized Feedback Coefficients Under Three Alternative Future Oil Scenarios; References
• Sommario/riassunto: After 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
• Titolo autorizzato: What should inflation targeting countries do when oil prices rise and drop fast
• ISBN: 1-4623-9512-0; 1-4527-1778-8; 9786612843167; 1-4518-7248-8; 1-282-84316-8
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910464237803321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/09/101.