On the First-Round Effects of International Food Price Shocks : the Role of the Asset Market Structure /

We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help implement relative price adjustments. The model feat...

Celý popis

Podrobná bibliografie
Hlavní autor: Portillo, Rafael
Další autoři: Zanna, Luis-Felipe
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2015.
Edice:IMF Working Papers; Working Paper ; No. 2015/033
On-line přístup:Full text available on IMF