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Global Food Prices and Domestic Inflation :, Some Cross-Country Evidence, Davide Furceri, Prakash Loungani, John Simon, Susan Wachter

This paper provides a broad brush look at the impact of fluctuations in global food prices on domestic inflation in a large group of countries. For advanced economies, we find that these fluctuations have played a significant role over the period from 1960 to the present, but the impact has declined over time and become less persistent. We also find that the more recent global food price shocks occurred in the 2000s had a much bigger impact on emerging than on advanced economies. This larger impact could reflect the larger share of food in the consumption baskets in emerging economies on average than in advanced economies, and less anchored inflation expectations in emerging economies than in advanced economies
Table Of Contents
""Cover Page""; ""Title Page""; ""Copyright Page""; ""Contents""; ""Figures""; ""Tables""; ""1. Introduction""; ""1. Inflation in the UK and the US""; ""2. Real World Food Prices, 1957�2014""; ""2. Data""; ""3. Correlations of Inflation with Food Prices and Excess Money Growth, Annual Data""; ""4. Correlations of Inflation with Food Prices, (monthly) 2000�13""; ""3. Global Food Prices and Inflation: Results from Annual Data""; ""1. Baseline Estimates""; ""5. The Impact of Food Price Shocks on Domestic (CPI) Inflation (percentage points)""
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (52 p.)
Specific Material Designation
Form Of Item

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