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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 …
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developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help …
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results suggest that under Colombia’s inflation targeting regime, which incorporates exchange rate flexibility and a highly …
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to assess the potential impact of different combinations of monetary and fiscal policies on output, inflation, and the …
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Using a panel of 101 low- and middle-income countries with data covering the period 1980-2012, this paper applies various econometric approaches that deal with endogeneity issues to assess the impact of food price shocks on socio-political instability once fiscal policy and remittances have been...
Persistent link: https://www.econbiz.de/10012392596
This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...
Persistent link: https://www.econbiz.de/10014396485
, Uganda (both de jure money targeters), and Ghana (a de jure inflation targeter), and compare the de facto adherence to …
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