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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| Altri autori: | , , |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2016.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2016/070 |
| Accesso online: | Full text available on IMF |