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Global Food Prices and Domestic Inflation:Some Cross-Country Evidence

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by Davide Furceri & Prakash Loungani
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Global Food Prices and Domestic Inflation:Some Cross-Country Evidence by Davide Furceri & Prakash Loungani

This paper provides a broad brush look at the impact of fluctuations in global food prices on domestic inflation in a large group of countries. For advanced economies, we find that these fluctuations have played a significant role over the period from 1960 to the present, but the impact has declined over time and become less persistent. We also find that the more recent global food price shocks occurred in the 2000s had a much bigger impact on emerging than on advanced economies. This larger impact could reflect the larger share of food in the consumption baskets in emerging economies on average than in advanced economies, and less anchored inflation expectations in emerging economies than in advanced economies.

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Ebook Details
Pages: 34
Size: 4.5 MB
Date published:   2015
ISBN: 9781513586069 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > Industries > Food Industry

These authors have products in the following categories:

Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics
Nonfiction > Business & Economics > Labor
Nonfiction > Business & Economics > Finance
Nonfiction > Business & Economics > Banks & Banking
Nonfiction > Business & Economics > Investments & Securities
Nonfiction > Business & Economics > Industries > Food Industry
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics

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