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Author: Donald L. Huddle Publisher: ISBN: Category : Foreign exchange administration Languages : en Pages : 38
Book Description
Economic research paper on the effects of economic policy trends in respect of foreign exchange controls and the fluctuating exchange rate system in Brazil - evaluates the income distribution effects of the foreign exchange reform, implications for the balance of payments, the impact on price inflation, etc. References.
Author: Donald L. Huddle Publisher: ISBN: Category : Foreign exchange administration Languages : en Pages : 38
Book Description
Economic research paper on the effects of economic policy trends in respect of foreign exchange controls and the fluctuating exchange rate system in Brazil - evaluates the income distribution effects of the foreign exchange reform, implications for the balance of payments, the impact on price inflation, etc. References.
Author: Mr. Kangni R Kpodar Publisher: International Monetary Fund ISBN: 1616356154 Category : Business & Economics Languages : en Pages : 34
Book Description
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Author: Charles Raphael Frank Publisher: Washington : Brookings Institution ISBN: Category : Business & Economics Languages : en Pages : 668
Book Description
Monograph of research papers on the relation between income distribution and economic growth in developing countries - analyses the mechanisms, interactions and effects of government policy instruments and the income redistribution potential of alternative approaches in industrialization policy, wage policy, fiscal policy, social policy, population policy, educational policy, agricultural policy, etc. References and statistical tables.
Author: Jongrim Ha Publisher: World Bank Publications ISBN: 1464813760 Category : Business & Economics Languages : en Pages : 524
Book Description
This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.
Author: Donald L. Huddle
Author: Donald L. Huddle
Author: Mr. Kangni R Kpodar
Author: Foreign Affairs Research Documentation Center
Author: 
Author: Charles Raphael Frank
Author: Tuncay M. Sunman
Author: Charles E. McLure
Author: Jongrim Ha
Author: Yhi-Min Ho
Author: