This paper studies the effects of global and domestic inflation shocks on core price inflation in 105 countries between 1970 and 2016, by using a heterogeneous panel vector-autoregressive model. The methodology allows accounting for differences across groups of countries (advanced economies, emerging markets and developing economies, and low-income countries) and across groups with different country characteristics (such as foreign exchange and monetary...
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详细
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2019/07/09
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政策研究报告
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WPS8934
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1
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1
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2019/07/09
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Disclosed
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Inflation in Low-Income Countries
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core inflation