Pourroy, Marc; Carton, Benjamin; Coulibaly, Dramane - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2012
shocks. We develop a new-keynesian small open-economy model and show that non-food inflation is a good proxy for core … inflation in high-income countries, but not for middle-income and low-income countries. Although, in these countries we find … that associating non-food inflation and core inflation may be promoting bably-designed policies, and consequently central …