On the First-Round Effects of International Food Price Shocks : the Role of the Asset Market Structure »
Series: IMF Working Papers
Author(s): Rafael Portillo , and Luis-Felipe Zanna
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 February 2015
Keywords: Food Price Shocks, First-Round Effects, New-Keynesian Models, Asset Market Structure, food, price, market, prices, inflation, General
We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, hold...