Implications of Food Subsistence for Monetary Policy and Inflation /

We introduce subsistence requirements in food consumption into a simple new-Keynesian model with flexible food and sticky non-food prices. We study how the endogenous structural transformation that results from subsistence affects the dynamics of the economy, the design of monetary policy, and the p...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Portillo, Rafael
مؤلفون آخرون: O'Connell, Stephen, Peck, Richard, Zanna, Luis-Felipe
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2016.
سلاسل:IMF Working Papers; Working Paper ; No. 2016/070
الوصول للمادة أونلاين:Full text available on IMF