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How strong do global commodity prices influence domestic food prices in developing countries? : a global price transmission and vulnerability mapping analysis

Kalkuhl, Matthias - 2014

This paper analyzes the transmission from global commodity to domestic food prices for a large set of countries. First, a theoretical model is developed to explain price transmission for different trade regimes. Drawing from the competitive storage model under rational expectations, it is shown...

Persistent link: https://www.econbiz.de/10010353578

Monetary Policy, Trend Inflation, and the Great Moderation : An Alternative Interpretation

Gorodnichenko, Yuriy; Coibion, Olivier - 2009

With positive trend inflation, the Taylor principle is not enough to guarantee a determinate equilibrium. We provide new theoretical results on restoring determinacy in New Keynesian models with positive trend inflation and combine these with new empirical findings on the Federal Reserve’s...

Persistent link: https://www.econbiz.de/10014201193

Real Exchange Rate Volatility, Financial Crises and Nominal Exchange Regimes

Morales-Zumaquero, Amalia - 2012

This paper examines the sources of real exchange rate (RER) volatility in eighty countries around the world, during the … the RER volatility. To that end, we employ two complementary procedures that consist in detecting structural breaks in the … RER series and decomposing volatility into its permanent and transitory components. The results confirm that exchange rate …

Persistent link: https://www.econbiz.de/10013099193

Oil Prices and Exchange Rate Volatility in Arab Countries

Mundaca, Gabriela - 2012

I test the bipolar view hypothesis on the exchange rates of countries of the AMF which are countries with relative free capital mobility. I find that oil price shocks seem to be the source of less flexible exchange rates

Persistent link: https://www.econbiz.de/10013109768