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Persistent link: https://www.econbiz.de/10012225066
, drivers, and policy responses to food price spikes and volatility across in Nigeria. The study was based on 16 years panel … Nigeria, supplemented with monthly series of relevant domestic policy variables, and international prices, among other factors … average Nigeria market is more strongly related to spikes than volatility. International factors such as crude oil price …
Persistent link: https://www.econbiz.de/10011721336
The importance of trade-offs between inflation and output gap stabilization for monetary policy evaluation is well known. Real disturbances in the economy which lead to such trade-offs, however, have not been studied much in the context of monetary policy setting in emerging market and...
Persistent link: https://www.econbiz.de/10012862904
This paper investigates whether uncertainty about economic policy plays a role in shaping the credibility and reputation of the central bank in the eyes of the public. In particular, we look at the effect of policy uncertainty for the dynamics of citizens' opinion, being trust, satisfaction or...
Persistent link: https://www.econbiz.de/10012836110
This paper investigates whether uncertainty about economic policy plays a role in shaping the credibility and reputation of the central bank in the eyes of the general public. In particular, we look at the effect of policy uncertainty for the dynamics of citizens' opinion, being trust,...
Persistent link: https://www.econbiz.de/10012843471
Theory and evidence suggest that in an environment of well-anchored expectations, temporary economic news or shocks should not affect agents' expectations of inflation in the long term. Our estimated structural VARs show that both long- and short-term inflation expectations are sensitive to...
Persistent link: https://www.econbiz.de/10013045550
The paper analyzes inflation targeting which is used in many countries as a tool for the monetary policy of central banks. The study of the experience of inflation targeting over the past quarter century shows a number of shortcomings. The important one is that inflation targeting is powerless...
Persistent link: https://www.econbiz.de/10012844946
This paper investigates a perception in the political debates as to what extent poor countries are affected by price movements in the global commodity markets. To test this perception, we use the case of India to establish in a standard SVAR model that global food prices influence aggregate...
Persistent link: https://www.econbiz.de/10012951776
Persistent link: https://www.econbiz.de/10013270502
Food insecurity and hunger are pressing issues in emerging market economies but have received less attention in the practice and conduct of monetary policy. This paper studies the impact of monetary policy on food inequality in India. Specifically, we examine the impact of monetary policy shocks...
Persistent link: https://www.econbiz.de/10012862929