Series: IMF Working Papers
Author(s): Nicoletta Batini , and Eugen Tereanu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2009
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...