Showing 1 - 10 of 171
This paper analyzes food inflation trends in Sub-Saharan Africa (SSA) from 2000 to 2016 using two novel datasets of … disaggregated CPI baskets. Average food inflation is higher, more volatile, and similarly persistent as non-food non-fuel (NF …/NF) inflation, especially in low-income countries (LICs) in SSA. We find evidence that food inflation became less persistent from …
Persistent link: https://www.econbiz.de/10012962141
This paper examines the implications of elevated global food prices for inflation in select Central Asian economies … - Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan. The findings suggest that global food inflation has significant … short-run effects that build over time. Inflation outcomes simulated under alternative global wheat price assumptions …
Persistent link: https://www.econbiz.de/10013107077
food price inflation, but domestic factors can mitigate these vulnerabilities. On the external side, our estimations show … food prices estimated close to unity for highly imported staples. On the domestic side, staple food price inflation is … price increases. Economic policy can lower food price inflation, as the strength of monetary policy and fiscal frameworks …
Persistent link: https://www.econbiz.de/10014079900
This paper provides a broad brush look at the impact of fluctuations in global food prices on domestic inflation in a … advanced economies, and less anchored inflation expectations in emerging economies than in advanced economies …
Persistent link: https://www.econbiz.de/10013019007
Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are … model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate … that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation …
Persistent link: https://www.econbiz.de/10013031969
We develop a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for …-relevant exercises. First, we filter international and Kenyan data (on output, inflation and its components, exchange rates and interest … inflation. Third, we perform an out-of-sample forecast to identify where the economy — and therefore policy — was likely headed …
Persistent link: https://www.econbiz.de/10013035741
There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature … assessing the effect of rising food prices on the poor. This paper attempts to combine these strands by dividing inflation into … food and nonfood inflation and assessing whether food inflation affects income inequality differently from nonfood …
Persistent link: https://www.econbiz.de/10013036638
Over the past decade, India has seen a prolonged period of high inflation, to a large extent driven by persistently …-high food inflation. This paper investigates the demand and supply factors behind the contribution of relative food inflation to … headline CPI inflation. It concludes that in the absence of a stronger food supply growth response, food inflation may exceed …
Persistent link: https://www.econbiz.de/10012998792
The perception that inflation dynamics in Sub-Saharan Africa (SSA) are driven by supply shocks implies a limited role … for monetary policy in influencing inflation in the short run. SSA's rapid growth, its integration with the global economy …, changes in the policy frameworks, among others, in the last decade suggest that the drivers of inflation may have changed. We …
Persistent link: https://www.econbiz.de/10013015595
Covid-19 and war-induced commodity price fluctuations, and broadening price pressures have led to a surge in inflation … raising concerns of youth unemployment. This paper explores the effects of inflation on private employment growth in SSA using … inflation and job creation in SSA, with job creation being negatively correlated with inflation rate when the latter is above 14 …
Persistent link: https://www.econbiz.de/10014254184