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Reconsidering the role of food prices in inflation

Walsh, James P. (contributor) - 2011

Food prices are generally excluded from measures of inflation most closely watched by policymakers due either to their transitory nature or their higher volatility. However, in lower income countries, food price inflation is not only more volatile but also on average higher than nonfood...

Persistent link: https://www.econbiz.de/10009486239

Inflation and income inequality : is food inflation different?

Walsh, James P.; Yu, Jiangyan - 2012

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...

Persistent link: https://www.econbiz.de/10009618580

What is keeping U.S. core inflation low : insights from a bottom-up approach

Abdih, Yasser; Balakrishnan, Ravi; Shang, Baoping - 2016

Over the past two decades, U.S. core PCE goods and services inflation have evolved differently. Against the backdrop of global concerns of low inflation, we use this trend as motivation to develop a bottom-up model of U.S. inflation. We find that domestic forces play a larger role relative to...

Persistent link: https://www.econbiz.de/10011711597

What measure of inflation should a developing country central bank target?

Anand, Rahul; Prasad, Eswar S.; Zhang, Boyang - 2015

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of developing economies, where a large proportion of households are credit constrained...

Persistent link: https://www.econbiz.de/10011374720

Reconsidering the Role of Food Prices in Inflation

Walsh, James - 2011

Persistent link: https://www.econbiz.de/10014401202

Forecasting Thailand's Core Inflation

Sun, Tao - 2004

This paper develops an approach for forecasting in Thailand core inflation. The key innovation is to anchor the projections derived from the short-term time-series properties of core inflation to its longer-run evolution. This involves combining a short-term model, which attempts to distill the...

Persistent link: https://www.econbiz.de/10014401301

Relative Prices, Inflation and Core Inflation

Roger, Scott - 2000

Empirical evidence on the distribution of relative price changes almost invariably reveals high kurtosis and a tendency toward right-skewness. Simple mixed distribution models including volatile and infrequently adjusted prices can account for these and other common features, such as correlation...

Persistent link: https://www.econbiz.de/10014399788

Exchange rate pass-through over the business cycle in Singapore

Chew, Joey; Ouliaris, Sam; Tan, Siang Meng - 2011

Persistent link: https://www.econbiz.de/10009424792

Singapore's export elasticities : a disaggregated look into the role of global value chains and economic complexity

Arbatli, Elif; Hong, Gee Hee - 2016

Singapore is one of the world's most open economies, with the size of its trade reaching about 350 percent of its GDP …. With the rise of highly diversified cross-border production networks, Singapore has come to play an integral role in the …, using disaggregate industry/product level trade data, we revisit Singapore's export elasticities and find that growing …

Persistent link: https://www.econbiz.de/10011445351

Price and wage flexibility in Hong Kong SAR

Guo, Si - 2017

with the United States, the United Kingdom and Singapore by examining the three commonly used macroeconomic relationships …

Persistent link: https://www.econbiz.de/10011716450

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