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'What Should Inflation Targeting Countries Do When Oil Prices Rise and Drop Fast?'

'What Should Inflation Targeting Countries Do When Oil Prices Rise and Drop Fast?' »

Volume/Issue: 2009/101

Series: IMF Working Papers

Author(s): Nicoletta Batini , and Eugen Tereanu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2009

DOI: http://dx.doi.org/10.5089/9781451872484.001

ISBN: 9781451872484

Keywords: supply shock, optimal horizon, monetary policy rules, central bank, monetary economics, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation,

After a long period of global price stability, in 2008 inflation increased sharply following unprecedented increases in the price of oil and other commodities, notably food. Although inflation remained lower and gr...

'What Should Inflation Targeting Countries Do When Oil Prices Rise and Drop Fast?'1

'What Should Inflation Targeting Countries Do When Oil Prices Rise and Drop Fast?'1 »

Source: 'What Should Inflation Targeting Countries Do When Oil Prices Rise and Drop Fast?'

Volume/Issue: 2009/101

Series: IMF Working Papers

Author(s): Nicoletta Batini , and Eugen Tereanu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2009

ISBN: 9781451872484

Keywords: supply shock, optimal horizon, monetary policy rules, central bank, monetary economics, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation,

After a long period of global price stability, in 2008 inflation increased sharply following unprecedented increases in the price of oil and other commodities, notably food. Although inflation remained lower and gr...