Policy responses to commodity price fluctuations

Thumbnail
Borradores de Economía; No. 967
Date published
2016-10-24
Date of last update
2016-10-24
Author
Gómez-Pineda, Javier G.
Document language
spa
Metadata
Show full item record
Alternative metrics
Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
The world economy has recently been hit by commodity price fluctuations, with first round effects on noncore inflation and second round effects on core in ation. The policy response to these fluctuations depends on the first and second round effects as
JEL Codes
E43 - Interest Rates: Determination, Term Structure, and EffectsE58 - Central Banks and Their PoliciesE37 - Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and ApplicationQ43 - Energy and the Macroeconomy
Keywords
Commodity prices ; Oil price shocks ; Second round effects ; Inflation ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6278
https://hdl.handle.net/20.500.12134/6278
https://doi.org/10.32468/be.967
https://ideas.repec.org/p/bdr/borrec/967.html
Collections
Seleccionar año de consulta:
This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit