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...

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Xehetasun bibliografikoak
Egile nagusia: Portillo, Rafael
Beste egile batzuk: O'Connell, Stephen, Peck, Richard, Zanna, Luis-Felipe
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2016.
Saila:IMF Working Papers; Working Paper ; No. 2016/070
Sarrera elektronikoa:Full text available on IMF