World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy /
How should monetary policy respond to large fluctuations in world food prices? We study this question in an open economy model in which imported food has a larger weight in domestic consumption than abroad and international risk sharing can be imperfect. A key novelty is that the real exchange rate...
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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
2013.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2013/114 |
| Dostęp online: | Full text available on IMF |