Commodity Price Volatility, Cyclical Fluctuations, and Convergence.

This paper assesses the role of international commodity prices, cyclical fluctuations, and convergence in driving inflation in 18 European emerging economies. Country specific VARs and panel estimates indicate that international commodity price shocks have a significant impact on domestic inflation,...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Zoli, Edda
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Primary commodities > Prices > Europe.
Inflation (Finance) > Europe.
Produits de base > Prix > Europe.
Inflation > Europe.
Inflation (Finance)
Primary commodities > Prices
Europe
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; Figures; 1. Headline Inflation; II. VAR analysis; 2. Variance Decomposition of Headline Inflation; Tables; 1: Response of Domestic Energy Inflation to International Oil Price Inflation Shocks; 2. Response of Domestic Food Inflation to International Food Price Inflation Shocks; III. Panel Estimation; 3. Response of Core Inflation to Shocks to Domestic Food and Energy Price Inflation; 4. Panel Regression Results; IV. Conclusion: What is Ahead for Inflation in Emerging Europe?; Appendixes; 1. Variable Definition and Data Sources; 2. Other Panel Results; References.

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