What should inflation targeting countries do when oil prices rise and drop fast?

Resource Information

The work What should inflation targeting countries do when oil prices rise and drop fast? represents a distinct intellectual or artistic creation found in University of Liverpool. This resource is a combination of several types including: Work, Language Material, Books.

Label

What should inflation targeting countries do when oil prices rise and drop fast?

Statement of responsibility

prepared by Nicoletta Batini and Eugen Tereanu

Creator

• Batini, Nicoletta

Contributor

• Tereanu, Eugen

Subject

• Inflation (Finance)
• Petroleum products -- Prices

Language

eng

Summary

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 growth higher in inflation targeting countries than elsewhere, almost everywhere price stability seemed in jeopardy as consumer prices kept surging and central banks struggled to maintain expectations anchored. The rapid drop in energy and food prices that later accompanied the world slowdown helped avert the worse, but inflation stayed high in many inflation targeting countries. This

Member of

• IMF working paper, WP/09/101
• Online access with subscription: Proquest Ebook Central

Cataloging source

CaPaEBR

Government publication

international or intergovernmental publication

Illustrations

illustrations

Index

no index present

LC call number

HD9560.4

LC item number

.B38 2009eb

Literary form

non fiction

Nature of contents

• standards specifications
• bibliography