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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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Autore: Gelos Gaston Visualizza persona
Titolo: Inflation responses to commodity price shocks [[electronic resource] ] : how and why do countries differ? / / prepared by Gaston Gelos and Yulia Ustyugova Visualizza cluster
Pubblicazione: Washington, DC, : International Monetary Fund, 2012
Descrizione fisica: 1 online resource (33 p.)
Soggetto topico: Commodity control
Inflation (Finance)
Soggetto genere / forma: Electronic books.
Altri autori: UstyugovaYulia  
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: 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
Sommario/riassunto: 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 impact of these shocks better. The effect of the presence of inflation
Titolo autorizzato: Inflation responses to commodity price shocks  Visualizza cluster
ISBN: 1-4755-2354-8
1-4755-5175-4
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910461976203321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers