World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy

WP/13/114

World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy
How should monetary policy respond to large fluctuations in world food prices? We study this question in an open economy model in which imported food has a larger weight in domestic consumption than abroad and international risk sharing can be imperfect. A key novelty is that the real exchange rate and the terms of trade can move in opposite... READ MORE...

Publication date: May 2013
ISBN 9781484371565
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: May 2013

PDF

Publication date: May 2013

English