Regional Economic Outlook: Western Hemisphere -- Crisis Averted - What's Next?, October 2009 PDF (Adobe DRM) download by International Monetary Fund

Regional Economic Outlook: Western Hemisphere -- Crisis Averted - What's Next?, October 2009

INTERNATIONAL MONETARY FUND
Publication date: June 2006
ISBN: 9781589068605
Digital Book format: PDF (Adobe DRM)

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The large swings in world food prices in recent years renew interest in the question of how monetary policy in small open economies should react to such imported price shocks. We examine this issue in a canonical open economy setting with sticky prices and where food plays a distinctive role in utility. We show how world food price shocks affect natural output and other aggregates, and derive a second order approximation to welfare. Numerical calibrations show broad CPI targeting to be welfare-superior to alternative policy rules once the variance of food price shocks is sufficiently large as in real world data.
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Regional Economic Outlook: Western Hemisphere -- Crisis Averted - What's Next?, October 2009 PDF (Adobe DRM) download by International Monetary Fund
INTERNATIONAL MONETARY FUND, June 2006
ISBN: 9781589068605
EAN:  9781589068605
PDF (Adobe DRM)
List Price: $18.00 eBook price: $13.99
Regional Economic Outlook, October 2009: Western Hemisphere - Crisis Averted - What's Next? PDF (Adobe DRM) download by International Monetary Fund
INTERNATIONAL MONETARY FUND, October 2009
ISBN: 9781451996210
EAN:  9781451996210
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List Price: $35.00 eBook price: $30.99
Regional Economic Outlook, October 2009: Western Hemisphere - Crisis Averted - What's Next? ePub (Adobe DRM) download by International Monetary Fund
INTERNATIONAL MONETARY FUND, October 2009
ISBN: 9781451997620
EAN:  9781451997620
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List Price: $35.00 eBook price: $30.99
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