Global food prices and business cycle dynamics in an emerging market economy / Oliver Holtemöller; Sushanta Mallick
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Discovery
835363279
URN
urn:nbn:de:gbv:3:2-48644
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale) : Leibniz-Inst. für Wirtschaftsforschung - IWH, 2015
Umfang
Online-Ressource (PDF-Datei: III, 26 S., 0,41 MB) : graph. Darst.
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
This paper investigates a perception in the political debates as to what extent poor countries are affected by price movements in the global commodity markets. To test this perception, we use the case of India to establish in a standard SVAR model that global food prices influence aggregate prices and food prices in India. To further analyze these empirical results, we specify a small open economy New-Keynesian model including oil and food prices and estimate it using observed data over the period from 1996Q2 to 2013Q2 by applying Bayesian estimation techniques.
Schriftenreihe
IWH-Diskussionspapiere ; 2015,15 ppn:837399270