World Inflation And The Developing Countries
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World Inflation And The Developing Countries
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Author : William R. Cline
language : en
Publisher: Washington, D.C. : Brookings Institution
Release Date : 1981-01-01
World Inflation And The Developing Countries written by William R. Cline and has been published by Washington, D.C. : Brookings Institution this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981-01-01 with Business & Economics categories.
Inflation In Emerging And Developing Economies
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Author : Jongrim Ha
language : en
Publisher: World Bank Publications
Release Date : 2019-02-24
Inflation In Emerging And Developing Economies written by Jongrim Ha and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-24 with Business & Economics categories.
This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.
Inflation And The Use Of Indexing In Developing Countries
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Author : G. Donald Jud
language : en
Publisher: Praeger Publishers
Release Date : 1978
Inflation And The Use Of Indexing In Developing Countries written by G. Donald Jud and has been published by Praeger Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Business & Economics categories.
Monograph on developing country use of indexation applied to domestic economy and to international trade in primary commoditys and in response to global inflation - examines the theoretical rationale for indexation, discusses its comprehensive and selective use in Brazil, Chile, Argentina and Colombia in relation to wages, taxes, exchange rates and capital market instruments, considers both developing and developed country economic implications, and comments on the future of indexation. Bibliography pp. 195 to 220 and graphs.
Inflation Co Movement In Emerging And Developing Asia The Monsoon Effect
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Author : Patrick Blagrave
language : en
Publisher: International Monetary Fund
Release Date : 2019-07-11
Inflation Co Movement In Emerging And Developing Asia The Monsoon Effect written by Patrick Blagrave and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-11 with Business & Economics categories.
Co-movement (synchronicity) in inflation rates among a set of 13 emerging and developing countries in Asia is shown to be strongest for the food component, partly due to common rainfall shocks—a result which the paper terms the ‘monsoon effect.’ Economies with higher trade integration and co-movement in nominal effective exchange rates also experience greater food-inflation co-movement. By contrast, cross-country co-movement in core inflation is weak and the aforementioned determinants have little explanatory power, suggesting a prominent role for idiosyncratic domestic factors in driving core inflation. In the context of the growing literature on the globalization of inflation, these results suggest that common weather patterns are partly responsible for any role played by a so-called ‘global factor’ among inflation rates in emerging and developing economies, in Asia at least.
World Inflation And Developing Countries
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Author :
language : es
Publisher:
Release Date : 1981
World Inflation And Developing Countries written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with categories.
World Economic Outlook October 2007
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2007-04-11
World Economic Outlook October 2007 written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-04-11 with Business & Economics categories.
The global economy grew strongly in the first half of 2007, although turbulence in financial markets has clouded prospects. While the 2007 forecast has been little affected, the baseline projection for 2008 global growth has been reduced by almost 1⁄2 percentage point relative to the July 2007 World Economic Outlook Update. This would still leave global growth at a solid 43⁄4 percent, supported by generally sound fundamentals and strong momentum in emerging market economies. Risks to the outlook, however, are firmly on the downside, centered around the concern that financial market strains could deepen and trigger a more pronounced global slowdown. Thus, the immediate focus of policymakers is to restore more normal financial market conditions and safeguard the expansion. Additional risks to the outlook include potential inflation pressures, volatile oil markets, and the impact on emerging markets of strong foreign exchange inflows. At the same time, longer-term issues such as population aging, increasing resistance to globalization, and global warming are a source of concern.
Estimating The Inflation Growth Nexus A Smooth Transition Model
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Author : Mr.Raphael A. Espinoza
language : en
Publisher: International Monetary Fund
Release Date : 2010-03-01
Estimating The Inflation Growth Nexus A Smooth Transition Model written by Mr.Raphael A. Espinoza and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-01 with Business & Economics categories.
Motivated by the global inflation episode of 2007-08 and concern that high levels of inflation could undermine growth, this paper uses a panel of 165 countries and data for 1960-2007 to revisit the nexus between inflation and growth. We use a smooth transition model to investigate the speed at which inflation beyond a threshold becomes harmful to growth, an important consideration in the policy response to rising inflation as the world economy recovers. We estimate that for all country groups (except for advanced countries) inflation above a threshold of about 10 percent quickly becomes harmful to growth, suggesting the need for a prompt policy response to inflation at or above the relevant threshold. For the advanced economies, the threshold is much lower. For oil exporting countries, the estimates are less robust, possibly reflecting heterogeneity among oil producers, but the effect of higher inflation for oil producers is found to be stronger.
Inflation In Emerging And Developing Economies
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Author : Jongrim Ha
language : en
Publisher: World Bank Publications
Release Date : 2019
Inflation In Emerging And Developing Economies written by Jongrim Ha and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Business & Economics categories.
Emerging market and developing economies, like advanced economies, have experienced a remarkable decline in inflation over the past half-century. Yet, research into this development has focused almost exclusively on advanced economies. This book fills that gap, providing the first comprehensive and systematic analysis of inflation in emerging market and developing economies. It examines how inflation has evolved and become synchronized among economies; what drives inflation globally and domestically; where inflation expectations have become better-anchored; and how exchange rate fluctuations can pass through to inflation. To reach its conclusions, the book employs cutting edge empirical approaches. It also offers a rich data set of multiple measures of inflation for a virtually global sample of countries over a half-century to spur further research into this important topic.
The World Economy In Crisis
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Author : Lorie Tarshis
language : en
Publisher: James Lorimer & Company
Release Date : 1984-01-01
The World Economy In Crisis written by Lorie Tarshis and has been published by James Lorimer & Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984-01-01 with Business & Economics categories.
Lorie Tarshis held that much of the economic suffering in the 1970s was not necessary, that the crisis could have been easily eased had it not been for governments' faulty diagnoses and poorly-designed prescriptions. Faced with increasingly serious energy shortages, economic slowdowns, rising unemployment and skyrocketing Third World debt, Western governments responded with inflation-fighting policies left over from the Second World War that served only to exaccerbate the situation. In this book Tarshis recommended an overall strategy to confront these problems without resorting to the stopgaps then in vogue with government decision makers. World Economy in Crisis offers an acute diagnosis of the pervasive malaise facing the world economy in the 1970s, and a critical perspective on contemporary official responses to it.
What Measure Of Inflation Should A Developing Country Central Bank Target
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Author : Rahul Anand
language : en
Publisher: International Monetary Fund
Release Date : 2015-09-23
What Measure Of Inflation Should A Developing Country Central Bank Target written by Rahul Anand and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-23 with Business & Economics categories.
In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of developing economies, where a large proportion of households are credit constrained and the share of food expenditures in total consumption expenditures is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting improves welfare outcomes. We also compute the optimal price index, which includes a positive weight on food prices but, unlike headline inflation, assigns zero weight to import prices.