Cover IMF Staff Country Reports
Uruguay: Selected Issues
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar
PubMedClose
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 103
Language:
English
Publication Date:
27 Mar 2009
DOI:
https://doi.org/10.5089/9781451839432.002
ISBN:
9781451839432
ISSN:
1934-7685
Pages:
30
Keywords:
ISCR; CR; price; core inflation; headline inflation; GDP growth; trade structure; shock scenario; Banco de la Republica Oriental del Uruguay; credit growth; Inflation; Credit; Food prices; Credit booms; Fuel prices; Global
Download PDF (3.1 MB) Download Epub
This Selected Issues paper quantifies the importance of international food and oil price inflation for Uruguayan inflation. The paper employs the vector autoregressive (VAR) model and Phillips-curve estimations techniques to address these questions. Similar estimations are carried out for a broader set of emerging markets to put the Uruguayan results into an international context. The paper examines spillovers from commodity price increases to measures of core inflation, and reveals that world food prices have had a strong but stable impact on Uruguay’s inflation.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2009: Issue 103